W. R. Grace & Co (GRA) will raise its quarterly dividend by 10.0 percent to $0.33 per share in the first quarter of 2021. This marks the 5th year of higher dividends by the specialty chemicals company.

The next dividend is payable on March 23, 2021 to shareholders of record at the close of business on March 2, 2021. A new annualized dividend rate of $1.32 per share yields 2.2% at a stock price of $60.16.

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.