Celanese Corporation Declares Quarterly Dividend of $0.70 Per Share

Rhea-AI Summary

Celanese Corporation (NYSE: CE) has declared a quarterly cash dividend of $0.70 per share, an increase from the previous $0.68 per share, effective November 14, 2022, to shareholders on record as of October 31, 2022. This 3% raise reflects a commitment to returning value to shareholders, representing an additional cash outlay of less than $10 million based on current shares. Celanese emphasizes a decade-long history of annual dividend growth, aligning this increase with their deleveraging plan following the acquisition of Mobility & Materials.

Positive

• 3% increase in quarterly dividend from $0.68 to $0.70 per share.
• Additional cash commitment of less than $10 million on current shares outstanding.
• Consistent with Celanese's long history of annual growth in dividends paid.

Negative

• None.

DALLAS--(BUSINESS WIRE)-- Celanese Corporation (NYSE: CE), a global chemical and specialty materials company, today declared a quarterly cash dividend of $0.70 per share on its common stock, payable on November 14, 2022 to stockholders of record as of October 31, 2022.

The board of directors of Celanese has approved a 3 percent increase in the company’s quarterly common stock cash dividend which increases the quarterly dividend from $0.68 to $0.70 per share of common stock.

“We have a decade-long history, which our shareholders value, of annual growth in the dividends paid per share across each year,” said Lori Ryerkerk, chairman and chief executive officer. “On a full year basis, this increase in the quarterly dividend represents an additional cash commitment of less than $10 million on current shares outstanding. This increase in the quarterly dividend is consistent with what was contemplated in the deleveraging plan which we outlined when we announced the acquisition of Mobility & Materials.”

About Celanese

Celanese Corporation is a global chemical leader in the production of differentiated chemistry solutions and specialty materials used in most major industries and consumer applications. Our businesses use the full breadth of Celanese's global chemistry, technology and commercial expertise to create value for our customers, employees, shareholders and the corporation. As we partner with our customers to solve their most critical business needs, we strive to make a positive impact on our communities and the world through The Celanese Foundation. Based in Dallas, Celanese employs approximately 8,500 employees worldwide and had 2021 net sales of $8.5 billion. For more information about Celanese Corporation and its product offerings, visit www.celanese.com.

View source version on businesswire.com: https://www.businesswire.com/news/home/20221019005789/en/

Investor Relations

Brandon Ayache

Phone: +1 972 443 8509

Brandon.Ayache@celanese.com



Media Relations - Global

Brian Bianco

Phone: +1 972 443 4400

media@celanese.com

Source: Celanese Corporation

FAQ

What is the latest dividend declaration for Celanese Corporation (CE)?

Celanese Corporation has declared a quarterly dividend of $0.70 per share.

When is the dividend payment date for Celanese Corporation (CE)?

The dividend is payable on November 14, 2022.

What was the previous dividend amount for Celanese Corporation (CE)?

The previous dividend amount was $0.68 per share.

What percentage increase did Celanese Corporation (CE) announce for its dividend?

Celanese Corporation announced a 3% increase in its quarterly dividend.

When is the record date for the dividend payment for Celanese Corporation (CE)?

The record date for the dividend payment is October 31, 2022.