Cabot As of November 12, 2021 ticker dps (an.) 2021 hike 2020 hike 2019 hike
CBT $1.48 5.7% 0.0% 6.1%
Business yield Hike yrs 5 yr CAGR freq. paid since
Specialty Chemicals 2.5% 8 4.3% Quarter 1968
Cabot Corporation hikes dividend by 5.7%

Cabot Corp (CBT) will raise its quarterly dividend by 5.7 percent to 37 cents per share in 2021. This follows a dividend hike of 6.1 percent to $0.35 per share in the second quarter of 2019. Last year the specialty chemicals company did not announce a dividend hike.

The dividend CBT is payable on December 10, 2021, to stockholders of record at the close of business on November 26, 2021. A new annualized rate of $1.48 per share yields 2.5% to Cabot shareholders at a stock price of $58.27. The annual dividend payment by CBT will jump to $84 million.

“Our longstanding history of consistently paying dividends for over 50 years is a source of great pride for us, and this decision further affirms our continued commitment to provide value to our shareholders,” said Sean Keohane, President and Chief Executive Officer of Cabot Corporation. “The decision to increase the dividend demonstrates the Board’s confidence in our ability to generate strong cash flow to fund high confidence growth investments and return cash to shareholders through a competitive dividend.”

Cabot Corporation is a specialty chemicals and performance materials company. Cabot is a provider of provider of rubber and specialty carbons, activated carbon, inkjet colorants, cesium formate drilling fluids, masterbatches and conductive compounds, fumed silica, and aerogel.  Headquartered in Boston, Massachusetts, Cabot's roots date back to 1882 when Godfrey Lowell Cabot and his brother Samuel Cabot bought the McCue well near Worthington, Pennsylvania, USA and opened their first carbon black plant. The company went public in 1968.

Dividend Calendar

Look at the complete list of upcoming events
Ex-date Ticker Yield YTD hike
Dec 06 CTXS 1.7% 5.7%
Dec 06 CI 1.8% 9900.0%
Dec 06 WRB 0.6% 8.3%
Dec 07 AEE 2.6% 6.8%
Dec 07 AME 0.6% 11.1%
Dec 08 KIM 2.9% 6.3%
Dec 08 NEM 3.7% 37.5%
Dec 09 BDX 1.4% 4.8%
Dec 09 ADP 1.8% 11.8%
Dec 09 NTRS 2.2% 0.0%