W.R. Grace & Co (GRA) will start paying a quarterly dividend of $0.17 per share.

“Beginning a regular dividend reflects our confidence in Grace’s growth opportunities, cash flow generation, and financial outlook over the long-term,” said Fred Festa, Grace’s Chairman and Chief Executive Officer. “The dividend reinforces our commitment to a disciplined capital allocation strategy while returning cash to shareholders.”

W.R. Grace & Co. Is a supplier of specialty chemicals and specialty materials. The company produces catalysts used in refining, petrochemical and other chemical manufacturing applications, specialty materials, coatings and sealants and related products used in coatings, consumer, industrial, pharmaceutical, and packaging applications and construction chemicals and building materials.