Chemours Announces First Quarter Dividend

Rhea-AI Summary

Chemours Company (CC) declares a quarterly cash dividend of $0.25 per share for the first quarter of 2024, to be paid on March 15, 2024, to stockholders of record as of February 26, 2024.

Insights

Financial Analyst

The declaration of a quarterly cash dividend of $0.25 per share by The Chemours Company is a direct indicator of the company's current financial health and its ability to generate cash flow. Dividends are typically distributed to shareholders when a company has sufficient earnings and cash to share after accounting for operational costs and future investments. This decision by the board reflects a commitment to returning value to shareholders, which can be a positive signal to the market.

However, it is crucial to assess the dividend yield, which is the dividend per share divided by the stock price. A high yield relative to the industry average can indicate a strong value proposition for income-focused investors, but it can also be a red flag if it suggests the stock price is depressed due to underlying challenges within the company or industry. It's also essential to compare this dividend declaration with the company's historical payout ratio to understand if the current dividend is sustainable or if it might strain future cash reserves.

Market Research Analyst

Chemours' position in Titanium Technologies, Thermal & Specialized Solutions and Advanced Performance Materials sectors suggests a diverse portfolio, which can be a hedge against market volatility. The declaration of a dividend might also indicate management's confidence in the company's steady performance across these segments. Investors often look at such announcements as a sign of stability and a predictable return on investment.

It is also valuable to consider the broader economic context. For example, in an environment with rising interest rates, dividend-paying stocks might become more attractive compared to fixed-income securities. Conversely, if the economy is in a downturn, the ability of a company to maintain its dividend could be questioned, impacting investor perception and potentially the stock price.

WILMINGTON, Del.--(BUSINESS WIRE)-- The Chemours Company (“Chemours”) (NYSE: CC), a global chemistry company with leading market positions in Titanium Technologies, Thermal & Specialized Solutions, and Advanced Performance Materials, announced that on February 12, 2024 the Board of Directors of Chemours declared a quarterly cash dividend of $0.25 per share on the company's common stock for the first quarter of 2024. The dividend will be paid on March 15, 2024, to stockholders of record as of the close of business on February 26, 2024.

About The Chemours Company

The Chemours Company (NYSE: CC) is a global leader in Titanium Technologies, Thermal & Specialized Solutions, and Advanced Performance Materials providing its customers with solutions in a wide range of industries with market-defining products, application expertise and chemistry-based innovations. We deliver customized solutions with a wide range of industrial and specialty chemicals products for markets, including coatings, plastics, refrigeration and air conditioning, transportation, semiconductor and consumer electronics, general industrial, and oil and gas. Our flagship products are sold under prominent brands such as Ti-Pure™, Opteon™, Freon™, Teflon™, Viton™, Nafion™, and Krytox™. The company has approximately 6,600 employees and 29 manufacturing sites serving approximately 2,900 customers in approximately 120 countries. Chemours is headquartered in Wilmington, Delaware and is listed on the NYSE under the symbol CC.

For more information, we invite you to visit chemours.com or follow us on Twitter @Chemours or LinkedIn.

Forward-Looking Statements

This press release contains forward-looking statements, within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934, which involve risks and uncertainties. Forward-looking statements provide current expectations of future events based on certain assumptions and include any statement that does not directly relate to a historical or current fact. The words "believe," "expect," "will," "anticipate," "plan," "estimate," "target," "project" and similar expressions, among others, generally identify "forward-looking statements," which speak only as of the date such statements were made. These forward-looking statements may address, among other things, the outcome or resolution of any pending or future environmental liabilities, the commencement, outcome or resolution of any regulatory inquiry, investigation or proceeding, the initiation, outcome or settlement of any litigation, changes in environmental regulations in the U.S. or other jurisdictions that affect demand for or adoption of our products, anticipated future operating and financial performance for our segments individually and our company as a whole, business plans, prospects, targets, goals and commitments, capital investments and projects and target capital expenditures, plans for dividends or share repurchases, sufficiency or longevity of intellectual property protection, cost reductions or savings targets, plans to increase profitability and growth, our ability to make acquisitions, integrate acquired businesses or assets into our operations, and achieve anticipated synergies or cost savings, all of which are subject to substantial risks and uncertainties that could cause actual results to differ materially from those expressed or implied by such statements. Forward-looking statements are based on certain assumptions and expectations of future events that may not be accurate or realized, such as full year guidance relying on models based upon management assumptions regarding future events that are inherently uncertain. These statements are not guarantees of future performance. Forward-looking statements also involve risks and uncertainties that are beyond Chemours' control. Matters outside our control, including general economic conditions, geopolitical conditions and global health events, have affected or may affect our business and operations and may or may continue to hinder our ability to provide goods and services to customers, cause disruptions in our supply chains such as through strikes, labor disruptions or other events, adversely affect our business partners, significantly reduce the demand for our products, adversely affect the health and welfare of our personnel or cause other unpredictable events. Additionally, there may be other risks and uncertainties that Chemours is unable to identify at this time or that Chemours does not currently expect to have a material impact on its business. Factors that could cause or contribute to these differences include the risks, uncertainties and other factors discussed in our filings with the U.S. Securities and Exchange Commission, including in our Annual Report on Form 10-K for the year ended December 31, 2022 and our Quarterly Report on Form 10-Q for the quarter ended September 30, 2023. Chemours assumes no obligation to revise or update any forward-looking statement for any reason, except as required by law.

View source version on businesswire.com: https://www.businesswire.com/news/home/20240213336771/en/

INVESTORS

Brandon Ontjes

VP, Financial Planning & Analysis, and Investor Relations

+1.302.773.3300

investor@chemours.com

Kurt Bonner

Manager, Investor Relations

+1.302.773.0026

investor@chemours.com



NEWS MEDIA

Cassie Olszewski

Corporate Media & Brand Reputation Leader

+1.302.219.7140

media@chemours.com

Source: The Chemours Company

FAQ

What dividend did Chemours (CC) declare for the first quarter of 2024?

Chemours declared a quarterly cash dividend of $0.25 per share for the first quarter of 2024.

When will Chemours (CC) pay the dividend for the first quarter of 2024?

The dividend will be paid on March 15, 2024, to stockholders of record as of February 26, 2024.