Grace Announces Increased Quarterly Dividend

Rhea-AI Summary

W. R. Grace & Co. (NYSE:GRA) declared a quarterly cash dividend of $0.33 per common share, payable on March 23, 2021 to shareholders of record by the close of business on March 2, 2021. This dividend reflects a 10% increase in the regular annual cash dividend, raised from $1.20 to $1.32 per share. The board's decision takes into account the company's financial condition and performance, ensuring a commitment to rewarding shareholders while maintaining adequate liquidity.

Positive

• Quarterly cash dividend declared at $0.33 per share.
• 10% increase in annual dividend from $1.20 to $1.32.
• Demonstrates financial health and commitment to shareholders.

Negative

• None.

COLUMBIA, Md., Feb. 09, 2021 (GLOBE NEWSWIRE) -- W. R. Grace & Co. (NYSE:GRA) today announced that it has declared a quarterly cash dividend of $0.33 per common share. The dividend, payable March 23, 2021 to shareholders of record at the close of business on March 2, 2021, reflects approval by the Board of Directors of a 10 percent increase in the company’s regular annual cash dividend, from $1.20 per common share to $1.32 per common share.

The declaration of any dividends falls within the discretion of the Board, taking into account such considerations as the Board may deem relevant at the time including, without limitation, the company's financial condition, financial performance, available liquidity, and applicable legal requirements.

About Grace

Built on talent, technology, and trust, Grace is a leading global specialty chemical company. The company’s two industry-leading business segments—Catalysts Technologies and Materials Technologies—provide innovative products, technologies, and services that enhance the products and processes of our customers around the world. With approximately 4,000 employees, Grace operates and/or sells to customers in over 60 countries. More information about Grace is available at grace.com.

Media Relations
Caitlin Leopold
T +1 410.531.8870
caitlin.leopold@grace.com

Investor Relations
Jason Hershiser
T +1 410.531.8835
jason.hershiser@grace.com

FAQ

What is the dividend amount declared by W. R. Grace & Co. (GRA)?

W. R. Grace & Co. (GRA) declared a dividend of $0.33 per common share.

When is the dividend payable for W. R. Grace & Co. (GRA)?

The dividend is payable on March 23, 2021.

What was the previous annual dividend amount for W. R. Grace & Co. (GRA)?

The previous annual dividend was $1.20 per common share.

How often does W. R. Grace & Co. (GRA) pay dividends?

W. R. Grace & Co. typically pays dividends quarterly.

What factors influence W. R. Grace & Co.'s (GRA) dividend declarations?

Dividend declarations are influenced by the company's financial condition, performance, liquidity, and legal requirements.