Balchem Corporation (BCPC) will raise its annual dividend by 20.0 percent to $0.18 per share. Last year the dividend was hiked by 36.4 percent.

Balchem Corporation is engaged in the development, manufacture, distribution and marketing of specialty performance ingredients and products for the food, nutritional, feed, pharmaceutical and medical sterilization industries. Balchem Corporation consists of three business segments: ARC Specialty Products; SensoryEffects (formerly Food, Pharma & Nutrition); and Animal Nutrition & Health. The Animal Nutrition & Health segment manufactures and supplies products to numerous animal health markets. Through Specialty Products, Balchem provides specialty-packaged chemicals for use in healthcare and other industries, and also provides chelated minerals to the micronutrient agricultural market.  Balchem was founded in 1967 and became a publicly traded company in 1970. The company's corporate headquarters are located in New Hampton, New York, along with a broad network of sales offices, manufacturing sites, and R&D centers, primarily across the US and Europe.