Sensient Technologies Announces Increased Quarterly Dividend and Share Repurchase Authorization
MILWAUKEE–(BUSINESS WIRE)–The Board of Directors of Sensient Technologies Corporation (NYSE: SXT)
has declared a regular quarterly cash dividend on its common stock of
$0.33 per share, an increase of 10% per share. The dividend will be paid
on December 1, 2017, to shareholders of record on November 6, 2017.
In addition, Sensient’s Board of Directors has approved a resolution to
increase the authorization under its share repurchase program by 3.0
million shares. This new authorization supplements the existing
authorization, which has approximately 600,000 shares remaining
available for repurchase.
“We are pleased to announce this dividend increase and new repurchase
authorization, which demonstrates our commitment to deliver shareholder
value,” said Paul Manning, Chairman, President and CEO of Sensient
Technologies Corporation. “Since 2014, Sensient has increased its
quarterly dividend by 43% and repurchased approximately 6.8 million
shares of its common stock. This announcement underscores our confidence
in Sensient’s financial strength and future outlook.”
ABOUT SENSIENT TECHNOLOGIES
Sensient Technologies Corporation is a leading global manufacturer and
marketer of colors, flavors and fragrances. Sensient employs advanced
technologies at facilities around the world to develop specialty food
and beverage systems, cosmetic and pharmaceutical systems, inkjet and
specialty inks and colors, and other specialty and fine chemicals. The
Company’s customers include major international manufacturers
representing most of the world’s best-known brands. Sensient is
headquartered in Milwaukee, Wisconsin.
Contacts
Sensient Technologies Corporation
Kim Chase
(414) 347-3706
