Cabot (CBT) will raise its quarterly dividend by 6.1 percent to $0.35 per share in the second quarter of 2019. Last year the specialty chemicals company hiked its dividend by 4.8 percent.

The dividend is payable on June 14, 2019, to stockholders of record at the close of business on May 31, 2019. A new annualized rate of $1.40 per share yields 3.0% at a stock price of $46.52.

Cabot Corporation is a specialty chemicals and performance materials company. Cabot is a provider of provider of rubber and specialty carbons, activated carbon, inkjet colorants, cesium formate drilling fluids, masterbatches and conductive compounds, fumed silica, and aerogel.  Headquartered in Boston, Massachusetts, Cabot's roots date back to 1882 when Godfrey Lowell Cabot and his brother Samuel Cabot bought the McCue well near Worthington, Pennsylvania, USA and opened their first carbon black plant. The company went public in 1968.