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Cabot Micro (CCMP) will raise its quarterly dividend to $0.20 per share.

The dividend will be payable on or about April 28, 2017 to shareholders of record at the close of business on March 23, 2017.

David Li, President and CEO of Cabot Microelectronics, stated, “Our track record of strong cash generation has enabled us to execute a balanced capital deployment strategy, including organic investments, dividends, share repurchases and acquisitions. We are pleased to now increase our quarterly dividend, which we believe demonstrates our confidence in our ongoing cash generation and our continued commitment to delivering value to our shareholders.”

Cabot Microelectronics Corporation is a supplier of CMP polishing slurries and a CMP pad supplier to the semiconductor industry. The Company develops, produces and sells CMP slurries for polishing conducting and insulating materials used in IC devices, and also for polishing the disk substrates and magnetic heads used in hard disk drives.