Innospec (IOSP) will raise its semi-annual dividend by another 4.0 percent to $0.52 per share in 2019. Last year the dividend was hiked twice also by the specialty chemicals company.

The next dividend will be paid on November 27, 2019 to shareholders of record on November 19, 2019. The new annual rate of $1.04 per share yields 1.1% at a stock price of $100.

“I am delighted that the Board has decided to once again increase our dividend to $1.02 for the full year– making an annual increase of 15 percent. We have increased our dividend every six months since its inception six years ago.” Patrick S. Williams, President and Chief Executive Officer, said.

Innospec Inc. is an international specialty chemicals company. Innospec manufactures and supplies a wide range of specialty chemicals to markets in the Americas, Europe, the Middle East, Africa and Asia-Pacific.  The Fuel Specialties business specializes in manufacturing and supplying fuel additives that improve fuel efficiency, boost engine performance and reduce harmful emissions. Oilfield Services provides specialty chemicals to all elements of the oil & gas exploration and production industry.  The Performance Chemicals business creates innovative technology-based solutions for our customers in the Personal Care, Home Care, Agrochemical, Mining and Industrial markets. Octane Additives produces octane improvers to enhance gasoline.