Cabot Microelectronics Corporation Declares Quarterly Cash Dividend
September 26 2018 - 7:30AM
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 $0.40 per share ($1.60
per share on an annualized basis) on the company's common stock.
The dividend will be payable on or about October 30, 2018 to
shareholders of record at the close of business on October 9, 2018.
ABOUT CABOT MICROELECTRONICS
CORPORATIONCabot 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 Colleen
Mumford, Director of Investor Relations at 630-499-2600.
SAFE HARBOR STATEMENTThis 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, including related to the
enactment of trade sanctions, tariffs, or other similar matters;
regulatory or legislative activity, including the enactment of the
Tax Cuts and Jobs Act (“tax reform”) in December 2017 in the United
States; product performance; the generation, protection and
acquisition of intellectual property, and litigation related to
such intellectual property or third party 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 by the company,
based on a variety of factors; financing facilities and related
debt, pay off or 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, including the effects of
tax reform in the U.S.; 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, 2018 and in the company’s annual report on Form 10-K for
the fiscal year ended September 30, 2017, both filed with the SEC.
Cabot Microelectronics assumes no obligation to update this
forward-looking information.
Colleen Mumford
Director of Investor Relations
Cabot Microelectronics Corporation
(630) 499-2600
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