Entegris (ENTG) will start paying a quarterly dividend of $0.07 per share.

The initial quarterly cash dividend of $0.07 per share will be paid on November 22, 2017 to shareholders of record on the close of business on November 1, 2017.

Bertrand Loy, president and chief executive officer, said: "The decision to initiate a cash dividend is a natural evolution of our capital allocation strategy and reflects our confidence in the company's future and our commitment to create shareholder value.  Our stable business model and healthy cash flow enable us to simultaneously invest in growing our business, pay down our debt, make modest share repurchases and return cash to shareholders, all while maintaining flexibility for future M&A."

Based on a stock price of $32.00 the estimated dividend yield for Entegris is 0.9%.

Entegris (ENTG) will increase its quarterly dividend by 14.3 percent to 8 cents per share in 2019. In 2017 the semiconductor company initiated a quarterly dividend and this is the first ever dividend hike.

The next dividend will be paid on August 21, 2019 to shareholders of record on the close of business on July 31, 2019. Based on a stock price of $38.05 the estimated dividend yield for Entegris is 0.8%.

Entegris, Inc. is a developer, manufacturer and supplier of microcontamination control products, specialty chemicals and advanced materials handling solutions for manufacturing processes in the semiconductor and other high-technology industries. Entegris has manufacturing, customer service and/or research facilities in the United States, China, France, Germany, Israel, Japan, Malaysia, Singapore, South Korea and Taiwan.