Cabot Microelectronics Corporation Increases Quarterly Cash Dividend and Provides Commentary on Quarterly Guidance
CMC Materials, Inc. (CCMP)
Last cmc materials, inc. earnings: 2/5 07:00 pm
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US:NASDAQ Investor Relations:
ir.cabotcmp.com
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Source: GlobeNewswire
Aurora, IL, March 04, 2020 (GLOBE NEWSWIRE) -- Cabot Microelectronics Corporation (Nasdaq: CCMP) today announced that its Board of Directors has declared a quarterly cash dividend of $0.44 per share ($1.76 per share on an annualized basis) on the company's common stock, an increase of approximately five percent over the most recent quarterly dividend, which was paid on or about January 30, 2020. The dividend will be payable on or about April 24, 2020 to shareholders of record at the close of business on March 24, 2020. The company also is providing the following commentary on its second quarter of fiscal 2020 guidance: “At present, we have not seen a significant impact from the COVID-19 on our global supply chain or operations, and based on currently available information, our expectations for revenue for our second fiscal quarter appear to be trending in-line with the guidance provided during our first fiscal quarter earnings call on February 6; however, the environment is r
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