Trinseo (NYSE: TSE), a global materials solutions provider and manufacturer of plastics, latex binders and synthetic rubber, today announced that its Board of Directors authorized the Company to increase its quarterly dividend to $0.40 per share, an 11 percent increase. The dividend will be a cash distribution payable on July 25, 2018, to shareholders of record as of the close of business on July 11, 2018.
“This double-digit percentage increase in our dividend reflects confidence in our cash generation, and is aligned with our balanced approach to capital allocation,” said Chris Pappas, President and CEO of Trinseo.
Trinseo (NYSE: TSE) is a global materials solutions provider and manufacturer of plastics and latex binders with a focus on delivering innovative, sustainable, and value-creating products that are intrinsic to our daily lives. Trinseo is dedicated to making a positive impact on society by partnering with like-minded stakeholders, and supporting the sustainability goals of our customers in a wide range of end-markets including automotive, consumer electronics, appliances, medical devices, packaging, footwear, carpet, paper and board, and building and construction. Trinseo had approximately $4.8 billion in net sales in 2021 and has 26 manufacturing sites and one recycling facility around the world and approximately 3,400 employees. For more information, please visit: www.trinseo.com.
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