Cabot Micro (CCMP) will raise its quarterly dividend by 4.8 percent to $0.44 per share in 2020. Last year the semiconductor industry supplier hiked its dividend by 5.0 percent.

The next dividend will be payable on or about April 24, 2020 to shareholders of record at the close of business on March 24, 2020. The new annual rate of $1.76 per share yields 1.2% at a stock price of $145 for CCMP.

Cabot Microelectronics Corporation is a supplier of CMP polishing slurries and a CMP pad supplier to the semiconductor industry. The company develops, produces and sells CMP slurries for polishing conducting and insulating materials used in IC devices, and also for polishing the disk substrates and magnetic heads used in hard disk drives. Cabot Microelectronics Corporation was incorporated in 1999 and has paid a dividend every year since 2016.