PolyOne Corporation (POL) will raise its quarterly dividend by 3.8 percent to $0.2025 per share in 2019.

This marks the 8th consecutive year of dividend increases by provider of specialized polymer materials.

The next dividend will be paid on January 9, 2020 to stockholders of record on December 13, 2019. On an annualized basis, the dividend will increase to $0.81 per share, yielding 2.5% at a stock price of $32.50.

"We are pleased to have now increased our dividend for the ninth consecutive year. This sustained dividend growth reflects our commitment to return value to our shareholders," said Robert M. Patterson, Chairman, President, and Chief Executive Officer, PolyOne Corporation. "Following the divestment of PP&S, our specialty mix will be stronger than at any point in our company's history. Going forward, our enhanced portfolio and strong balance sheet will open even more opportunities for innovation around our 4 P's of sustainability -- people, products, planet, and performance."

PolyOne Corporation is a provider of specialty polymer formulations, color and additive systems, packaging solutions, and polymer distribution.  The Company's segments include Color, Additives and Inks; Specialty Engineered Materials; Performance Products and Solutions, and PolyOne Distribution. PolyOne's brands include Geon, Glasforms, Neu, Gordon Composites, ColorMatrix, Wilflex, GSDI, Polystrand and GLS.