IHS Chemical Week

People & Business :: Companies

Lubrizol, Celanese Increase Dividends

9:24 AM MDT | April 28, 2010 | Vincent Valk

Lubrizol's dividend will increase by 16% to 36 cts/share, the company announced today. The dividend will be paid on June 10 to shareholders as of May 10. The increase "reflects the company's confidence in its earnings and cash flow performance," Lubrizol says. Meanwhile, Celanese increased its quarterly dividend from 4 cts/share to 5 cts/share. The 25% increase makes the company's annual dividend 20 cts/share. "This increase reflects the confidence we have in our businesses and their growth plans and allows us to more actively utilize dividends as...

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