The Board of Directors of Sensient Technologies Corporation (NYSE: SXT) has declared a regular quarterly cash dividend on its common stock of $0.36 per share, an increase of 9% per share. The cash dividend will be paid on December 3, 2018, to shareholders of record on November 5, 2018.
This increase raises our dividend payments to an annualized payout of $1.44 per share and reflects confidence in the strength of our business, said Paul Manning, Chairman, President and Chief Executive Officer of Sensient Technologies Corporation. With this increase, our quarterly dividend has risen by 57% over the past five years.
Sensient Technologies Corporation is a leading global manufacturer and marketer of colors, flavors, and fragrances. Sensient employs advanced technologies at facilities around the world to develop specialty food and beverage systems, cosmetic and pharmaceutical systems, inkjet and specialty inks and colors, and other specialty and fine chemicals. The Companys customers include major international manufacturers representing most of the worlds best-known brands. Sensient is headquartered in Milwaukee, Wisconsin.
Sensient Technologies Corporation
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