Cabot Board Approves Dividend Increase
BOSTON, May 11, 2012 (BUSINESS WIRE) --On Friday, May 11, 2012, the Board of Directors of Cabot Corporation (NYSE:CBT), approved an increase of $0.02 per share to the Corporation's quarterly dividend, and declared a quarterly dividend of $0.20 per share on all outstanding shares of the Corporation's common stock. The dividend is payable on June 15, 2012, to stockholders of record at the close of business on June 1, 2012.
Cabot President and CEO Patrick Prevost said, "Cabot has a long history of returning cash to its shareholders through dividends and share repurchases. Cabot's Board of Directors has recently reviewed the Company's dividend policy and I am pleased to announce this eleven percent increase in the dividend rate."
About Cabot Corporation
Cabot Corporation, headquartered in Boston, Massachusetts, is a global specialty chemicals and performance materials company. Cabot's major products are carbon black, fumed silica, cesium formate drilling fluids, inkjet colorants and aerogels. The Company's website address is: http://www.cabotcorp.com.
SOURCE: Cabot Corporation
Cabot Corporation
Erica McLaughlin, 617-342-6090
Investor Relations