MOSCOW (MRC) -- The Board of Directors of PolyOne Corporation has declared a quarterly cash dividend of twelve cents (USD0.12) per share on the common stock outstanding, representing a 20% increase to the quarterly cash dividend and the fifth consecutive year of annual dividend growth, as per the company's press release.
The USD0.12 per share will be paid on January 7, 2016 to stockholders of record on December 18, 2015.
"I am pleased to announce an increase in our quarterly dividend, which now represents the fifth consecutive year of annual dividend growth," said Robert M. Patterson, president and chief executive officer, PolyOne Corporation. "As we execute our proven strategy, we continue to serve customers with excellence, invest in our businesses and deliver value to shareholders through share price appreciation, increasing dividends and share repurchases."
As MRC wrote before, in October 2014, PolyOne Corporation declared a quarterly cash dividend of ten cents (USD0.10) per share on the common stock outstanding, representing a 25% increase to the quarterly cash dividend and the fourth consecutive year of annual dividend growth.
We also remind that in early 2014, PolyOne Corporation announced the addition of new capabilities to its OnColor HC Plus portfolio. These expanded offerings add medical-grade LDPE, nylon, PEBA, PS and PVC to the globally available palette of specialty healthcare colorants, and are pre-certified to meet or exceed biocompatibility requirements for ISO 10993 and/or USP Class VI protocols.
PolyOne Corporation, with 2014 revenues of USD3.8 billion, is a premier provider of specialized polymer materials, services and solutions with operations in specialty polymer formulations, color and additive systems, polymer distribution and specialty vinyl resins.
MRC