By Stephen Nakrosis
Sensient Technologies Corp. on Thursday said its board increased the company's regular quarterly cash dividend by 5.1%.
The new dividend of 41 cents per share will be payable on Dec. 1 to shareholders of record as of Nov. 1.
Paul Manning, the company's president, chief executive and chairman, said, "This increase raises our dividend payments to an annualized payout of $1.64 per share and reflects the ongoing confidence in the future of our business." He added the company's quarterly dividend has risen 37% over the past five years.
Write to Stephen Nakrosis at [email protected]