Cabot Microelectronics Corporation Declares Quarterly Cash Dividend
December 08 2016 - 6:00AM
Cabot Microelectronics Corporation’s Board of Directors has
declared a quarterly cash dividend of $0.18 per share on the
company's common stock. The dividend will be payable on or
about January 30, 2017 to shareholders of record at the close of
business on December 23, 2016.This dividend will represent the
Company’s fourth consecutive quarterly cash dividend, or
approximately $18 million in aggregate paid to shareholders, since
the initiation of its dividend program in January, 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, helping to enable 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, investment in, or
collaboration with 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 annual report on Form 10-K for the
fiscal year ended September 30, 2016, filed with the SEC. Cabot
Microelectronics assumes no obligation to update this
forward-looking information.
Trisha Tuntland
Director, Investor Relations
(630) 499-2600
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