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Sensient Technologies Corporation's board of directors has announced that shareholers will receive a regular quarterly cash dividend on its common stock of $0.22 per share, an increase of $0.01 per share per quarter. The cash dividend will be paid on June 1, and to shareholders of record on May 9.
"We want our shareholders to benefit from our continued strong performance," says Kenneth P. Manning, Sensient's chairman, president and CEO. "This increase raises our dividend payments to 88 cents per share annually and reflects confidence in the strength of our business. With this increase, our quarterly dividend has risen by 38% over the past five years."