Celanese (CE) will raise its quarterly dividend by 14.8 percent to $0.62 per share in the second quarter of 2019. This marks the 10th consecutive year of dividend increases by the specialty materials company.

The next dividend is payable on May 9, 2019 to stockholders of record as of April 29, 2019. A new annualized rate of $2.48 per share yields XX

“Today’s announcement marks the tenth consecutive year of dividend increases, reinforcing our commitment to consistent dividend growth as one element of our strategy to maximize shareholder value creation. Over the most recent three-year period, we have increased the dividend by 72 percent, exceeding the commitment we made in 2017. Looking forward, we have a high degree of confidence in our ability to grow earnings and cash flow to support continued annual increases in the dividend in line with our earnings growth,” said Mark Rohr, chairman and chief executive officer.

Celanese Corporation is a technology company specialized in the production of differentiated chemistry solutions and specialty materials used in most major industries and consumer applications. It's segments include Advanced Engineered Materials, Consumer Specialties, Industrial Specialties, Acetyl Intermediates and Other Activities. Celanese has operations in North America, Europe and Asia.