Hexcel Declares Quarterly Dividend

Rhea-AI Summary

Hexcel Corporation (NYSE: HXL) has declared a quarterly cash dividend of $0.10 per share on its common stock. This dividend is payable to stockholders of record as of May 6, 2022, with a payment date set for May 13, 2022. This announcement reflects Hexcel's ongoing commitment to returning value to its shareholders while continuing to lead in advanced lightweight composites technology, serving various sectors including aerospace and industrial applications.

Positive

• Quarterly cash dividend of $0.10 per share demonstrates commitment to returning value to shareholders.

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• None.

STAMFORD, Conn.--(BUSINESS WIRE)-- Hexcel Corporation (NYSE: HXL) announced today that the Company’s Board of Directors has declared a regular quarterly cash dividend of $0.10 per share on the common stock of Hexcel, payable to stockholders of record as of May 6, 2022, with a payment date of May 13, 2022.

About Hexcel
Hexcel Corporation is a global leader in advanced lightweight composites technology. We propel the future of flight, energy generation, transportation, and recreation through excellence in providing innovative high-performance material solutions that are lighter, stronger and tougher, helping to create a better world for us all. Our broad and unrivaled product range includes carbon fiber, specialty reinforcements, prepregs and other fiber-reinforced matrix materials, honeycomb, resins, engineered core and composite structures for use in commercial aerospace, space and defense, and industrial applications.

View source version on businesswire.com: https://www.businesswire.com/news/home/20220425005763/en/

Kurt Goddard | Vice President Investor Relations | Kurt.Goddard@Hexcel.com | +1 (203)-352-6826

Source: Hexcel Corporation

FAQ

What is the dividend amount declared by Hexcel Corporation?

Hexcel Corporation declared a quarterly cash dividend of $0.10 per share.

When is the dividend payable to shareholders?

The dividend will be payable on May 13, 2022, to stockholders of record as of May 6, 2022.

How often does Hexcel Corporation pay dividends?

Hexcel Corporation typically pays dividends on a quarterly basis.

What is the significance of the dividend announcement for HXL shareholders?

The dividend announcement signifies Hexcel's commitment to providing returns to shareholders, which can enhance investor confidence.