Balchem Corporation Announces Dividend

Rhea-AI Summary

Balchem Corporation (NASDAQ: BCPC) announced a dividend of $0.58 per share on December 16, 2020, marking an 11.5% increase from last year. This dividend will be payable on January 22, 2021, to stockholders of record on December 28, 2020. This represents the eleventh consecutive increase in their annual dividend, reflecting the company’s strong financial performance and the Board's confidence in future strategies, according to CEO Ted Harris.

Positive

• Dividend increased to $0.58 per share, an 11.5% rise from the previous year.
• Eleventh consecutive annual dividend increase showcases financial stability.
• Board's confidence in long-term strategies indicates positive outlook.

Negative

• None.

NEW HAMPTON, N.Y., Dec. 17, 2020 (GLOBE NEWSWIRE) -- Balchem Corporation (NASDAQ: BCPC) today announced that on December 16, 2020, its Board of Directors declared a dividend on its shares of common stock equal to $0.58 per share on the Company’s issued and outstanding Common Stock, to be payable on January 22, 2021 to stockholders of record at the close of business on December 28, 2020. This dividend represents an 11.5% increase over last year’s annual dividend.

Ted Harris, Balchem’s CEO and President, said, “Balchem has a long-standing commitment to an annual dividend and we are pleased to announce the continuation of that commitment. This dividend represents the eleventh consecutive increase in our annual dividend, reflecting both the consistently outstanding financial performance the company has delivered and the Board’s continued confidence in our long-term strategies.”

About Balchem Corporation

Balchem Corporation develops, manufactures and markets specialty ingredients that improve and enhance the health and well-being of life on the planet, providing state-of-the-art solutions and the finest quality products for a range of industries worldwide. The company reports three business segments: Human Nutrition & Health; Animal Nutrition & Health; and Specialty Products. The Human Nutrition & Health segment delivers customized food and beverage ingredient systems, as well as key nutrients into a variety of applications across the food, supplement and pharmaceutical industries. The Animal Nutrition & Health segment manufactures and supplies products to numerous animal health markets. Through Specialty Products, Balchem provides specialty-packaged chemicals for use in healthcare and other industries, and also provides chelated minerals to the micronutrient agricultural market.

Forward-Looking Statements

This release contains forward-looking statements, which reflect Balchem’s expectation or belief concerning future events that involve risks and uncertainties. Balchem can give no assurance that the expectations reflected in forward-looking statements will prove correct and various factors could cause results to differ materially from Balchem’s expectations, including risks and factors identified in Balchem’s annual report on Form 10-K for the year ended December 31, 2019. Forward-looking statements are qualified in their entirety by the above cautionary statement. Balchem assumes no duty to update its outlook or other forward-looking statements as of any future date.

Contact:	Mary Ann Brush, Executive Assistant to CEO
	Telephone: 845-326-5600
	E-mail: mabrush@balchem.com

FAQ

What is the dividend amount declared by Balchem (BCPC) in December 2020?

Balchem declared a dividend of $0.58 per share.

When will Balchem (BCPC) pay its declared dividend?

The dividend will be payable on January 22, 2021.

What is the record date for Balchem's (BCPC) dividend?

The record date for the dividend is December 28, 2020.

How much has Balchem (BCPC) increased its dividend?

Balchem has increased its dividend by 11.5% over the previous year.

Is Balchem's dividend sustainable?

The consistent annual increases suggest strong financial performance, indicating sustainability.