Trinseo Announces Quarterly Dividend of $0.32 Per Share

Rhea-AI Summary

Trinseo (NYSE: TSE) has declared a quarterly dividend of $0.32 per share, payable on July 21, 2022, to shareholders recorded as of July 7, 2022. With approximately $4.8 billion in net sales in 2021, Trinseo is a key player in global materials solutions, focusing on sustainable products across various sectors such as automotive and consumer electronics. The company operates 26 manufacturing sites and one recycling facility, employing around 3,400 individuals worldwide.

Positive

• Quarterly dividend of $0.32 per share enhances shareholder income.
• Growth potential in sectors like automotive, consumer electronics, and sustainability.

Negative

• Global supply chain volatility may impact production costs.
• Risks associated with the execution of transformation strategy could affect future performance.

BERWYN, Pa.--(BUSINESS WIRE)-- Trinseo (NYSE: TSE), a global materials solutions provider and manufacturer of plastics and latex binders, today announced that its Board of Directors authorized a quarterly dividend of $0.32 per share. The dividend will be a cash distribution payable on July 21, 2022 to shareholders of record as of the close of business on July 7, 2022.

About Trinseo

Trinseo (NYSE: TSE) is a global materials solutions provider and manufacturer of plastics and latex binders with a focus on delivering innovative, sustainable, and value-creating products that are intrinsic to our daily lives. Trinseo is dedicated to making a positive impact on society by partnering with like-minded stakeholders, and supporting the sustainability goals of our customers in a wide range of end-markets including automotive, consumer electronics, appliances, medical devices, packaging, footwear, carpet, paper and board, and building and construction. Trinseo had approximately $4.8 billion in net sales in 2021 and has 26 manufacturing sites and one recycling facility around the world and approximately 3,400 employees. For more information, please visit: www.trinseo.com.

Cautionary Note on Forward-Looking Statements

This press release may contain forward-looking statements including, without limitation, statements concerning plans, objectives, goals, projections, strategies, future events or performance, and underlying assumptions and other statements, which are not statements of historical facts or guarantees or assurances of future performance. Forward-looking statements may be identified by the use of words like "expect," "anticipate," "intend," "forecast," "outlook," "will," "may," "might," "see," "tend," "assume," "potential," "likely," "target," "plan," "contemplate," "seek," "attempt," "should," "could," "would" or expressions of similar meaning. Forward-looking statements reflect management’s evaluation of information currently available and are based on our current expectations and assumptions regarding our business, the economy and other future conditions. Because forward-looking statements relate to the future, they are subject to inherent uncertainties, risks and changes in circumstances that are difficult to predict. Factors that might cause such a difference include, but are not limited to, our ability to successfully execute our transformation strategy and business strategy; our ability to integrate acquired businesses; global supply chain volatility, increased costs or disruption in the supply of raw materials or increased costs for transportation of our products; the nature of investment opportunities presented to the Company from time to time; and those factors discussed in our Annual Report on Form 10-K, under Part I, Item 1A —"Risk Factors" and elsewhere in our other reports, filings and furnishings made with the U.S. Securities and Exchange Commission from time to time. As a result of these or other factors, our actual results may differ materially from those contemplated by the forward-looking statements. Therefore, we caution you against relying on any of these forward-looking statements. The forward-looking statements included in this press release are made only as of the date hereof. We undertake no obligation to publicly update or revise any forward-looking statement as a result of new information, future events or otherwise, except as otherwise required by law.

View source version on businesswire.com: https://www.businesswire.com/news/home/20220615005672/en/

Trinseo

Andy Myers

Tel: +1 610-240-3221

Email: aemyers@trinseo.com

Source: Trinseo

FAQ

What is Trinseo's dividend amount and payment date for July 2022?

Trinseo declared a dividend of $0.32 per share, payable on July 21, 2022.

When is the record date for Trinseo's July 2022 dividend?

The record date for Trinseo's dividend is July 7, 2022.

How did Trinseo perform financially in 2021?

Trinseo reported approximately $4.8 billion in net sales in 2021.

What are the potential risks affecting Trinseo's stock performance?

Global supply chain volatility and risks in executing business strategies may impact Trinseo's performance.