Cabot Microelectronics Corporation Declares Quarterly Cash Dividend
September 22 2016 - 8:15PM
Cabot Microelectronics Corporation’s Board of Directors has
declared a quarterly cash dividend of $0.18 per share ($0.72 per
share on an annualized basis) on the company's common stock.
The dividend will be payable on or about October 28, 2016 to
shareholders of record at the close of business on October 3, 2016.
ABOUT CABOT MICROELECTRONICS CORPORATION
Cabot Microelectronics Corporation, headquartered in Aurora,
Illinois, is the world's leading supplier of CMP polishing slurries
and a growing CMP pad supplier to the semiconductor industry.
The company’s products play a critical role in the production of
advanced semiconductor devices, enabling the manufacture of
smaller, faster and more complex devices by its customers.
The company's mission is to create value by developing reliable and
innovative solutions, through close customer collaboration, that
solve today's challenges and help enable tomorrow's
technology. The company has approximately 1,125 employees on
a global basis. For more information about Cabot
Microelectronics Corporation, visit www.cabotcmp.com or
contact Trisha Tuntland, Director of Investor Relations at
630-499-2600.
SAFE HARBOR STATEMENT
This news release may include statements that constitute
“forward looking statements” within the meaning of federal
securities regulations. These forward-looking statements
include statements related to: future sales and operating results;
growth or contraction, and trends in the industry and markets in
which the company participates; the company’s management; various
economic factors and international events; regulatory or
legislative activity; product performance; the generation,
protection and acquisition of intellectual property, and litigation
related to such intellectual property; new product introductions;
development of new products, technologies and markets; the
company’s supply chain; natural disasters; the acquisition of or
investment in other entities; uses and investment of the company’s
cash balance, including dividends and share repurchases, which may
be suspended, terminated or modified at any time for any reason,
based on a variety of factors; financing facilities and related
debt, payment of principal and interest, and compliance with
covenants and other terms; the company’s capital structure; the
company’s current or future tax rate; and the operation of
facilities by Cabot Microelectronics Corporation. These
forward-looking statements involve a number of risks,
uncertainties, and other factors, including those described from
time to time in Cabot Microelectronics’ filings with the SEC, that
could cause actual results to differ materially from those
described by these forward-looking statements. In particular,
see "Risk Factors" in the company's quarterly report on Form 10-Q
for the quarter ended June 30, 2016 and in the company’s annual
report on Form 10-K for the fiscal year ended September 30, 2015,
both filed with the SEC. Cabot Microelectronics assumes no
obligation to update this forward-looking information.
Trisha Tuntland
Director, Investor Relations
Cabot Microelectronics Corporation
(630) 499-2600
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