W. R. Grace & Co (GRA) will raise its quarterly dividend by 11.1 percent to $0.30 per share in the first quarter of 2020. This marks the 4th year of higher dividends by the specialty chemicals company.

The next dividend is payable on March 17, 2020 to shareholders of record at the close of business on February 25, 2020. A new annualized dividend rate of $1.20 per share yields 1.9% at a stock price of $63.83.

W.R. Grace & Co. Is a supplier of specialty chemicals and specialty materials. The company produces catalysts used in refining, petrochemical and other chemical manufacturing applications, specialty materials, coatings and sealants and related products used in coatings, consumer, industrial, pharmaceutical, and packaging applications and construction chemicals and building materials.