Cabot Microelectronics Corporation Declares Quarterly Cash Dividend
September 12 2017 - 8:15PM
Cabot Microelectronics Corporation (Nasdaq: CCMP), the world’s
leading supplier of chemical mechanical planarization (CMP)
polishing slurries and second largest CMP pads supplier to the
semiconductor industry, today announced that its Board of Directors
has declared a quarterly cash dividend of $0.20 per share ($0.80
per share on an annualized basis) on the company's common stock.
The dividend will be payable on or about October 30, 2017 to
shareholders of record at the close of business on September 25,
2017.
ABOUT CABOT MICROELECTRONICS CORPORATION
Cabot Microelectronics Corporation, headquartered in Aurora,
Illinois, is the world's leading supplier of CMP polishing slurries
and second largest CMP pads 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 delivering high-performing
and innovative solutions that solve its customers’ challenges. The
company has approximately 1,150 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 or
political factors and international or national 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; the financial conditions of the company’s
customers; 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 quarterly report on Form 10-Q for
the quarter ended June 30, 2017 and in the company’s annual report
on Form 10-K for the fiscal year ended September 30, 2016, both
filed with the SEC. Cabot Microelectronics assumes no obligation to
update this forward-looking information.
Trisha Tuntland
Director of Investor Relations
Cabot Microelectronics Corporation
(630) 499-2600
CMC Materials (NASDAQ:CCMP)
Historical Stock Chart
From Jun 2024 to Jul 2024
CMC Materials (NASDAQ:CCMP)
Historical Stock Chart
From Jul 2023 to Jul 2024