Cabot Microelectronics Corporation Declares Quarterly Cash Dividend
September 25 2019 - 6:00AM
Cabot Microelectronics Corporation (Nasdaq: CCMP) today announced
that its Board of Directors has declared a quarterly cash dividend
of $0.42 per share ($1.68 per share on an annualized basis) on the
company's common stock. The dividend will be payable on or about
October 30, 2019 to shareholders of record at the close of business
on October 9, 2019.
ABOUT CABOT MICROELECTRONICS
CORPORATIONCabot Microelectronics Corporation,
headquartered in Aurora, Illinois, is a leading global supplier of
consumable materials to semiconductor manufacturers and pipeline
companies. The company’s products play a critical role in the
production of advanced semiconductor devices, helping to enable the
manufacture of smaller, faster and more complex devices by its
customers. Cabot Microelectronics Corporation is also a
leading provider of performance materials to pipeline
operators. The company's mission is to create value by
delivering high-performing and innovative solutions that solve its
customers’ challenges. The company has approximately 1,900
employees globally. For more information about Cabot
Microelectronics Corporation, visit www.cabotcmp.com, or contact
Colleen Mumford, Director of Investor Relations, at
630-499-2600.
SAFE HARBOR STATEMENTThis press
release contains forward-looking statements, which address a
variety of subjects including, for example, future sales and
operating results; growth or contraction, and trends in the
industry and markets in which the Company participates; the
acquisition of, investment in, or collaboration with other
entities, including the Company’s acquisition of KMG Chemicals,
Inc. (“KMG”), and the expected benefits and synergies of such
acquisition; new product introductions; development of new
products, technologies and markets; product performance; the
financial conditions of the Company's customers; competitive
landscape; the Company's supply chain; natural disasters; various
economic or political factors and international or national events,
including related to the enactment of trade sanctions, tariffs, or
other similar matters; the generation, protection and acquisition
of intellectual property, and litigation related to such
intellectual property or third party intellectual property;
environmental, health and safety laws and regulations, and related
compliance; the operation of facilities by Cabot Microelectronics;
the Company's management; foreign exchange fluctuation; the
Company's current or future tax rate, including the effects of the
Tax Cuts and Jobs Act in the United States (“tax act”);
cybersecurity threats; financing facilities and related debt, pay
off or payment of principal and interest, and compliance with
covenants and other terms; and, uses and investment of the
Company's cash balance, including dividends and share repurchases,
which may be suspended, terminated or modified at any time for any
reason by the Company, based on a variety of factors. Statements
that are not historical facts, including statements about Cabot
Microelectronics’ beliefs, plans and expectations, are
forward-looking statements. Such statements are based on current
expectations of Cabot Microelectronics’ management and are subject
to a number of factors and uncertainties, which could cause actual
results to differ materially from those described in the
forward-looking statements. For information about factors that
could cause actual results to differ materially from those
described in the forward-looking statements, please refer to Cabot
Microelectronics’ filings with the Securities and Exchange
Commission (“SEC”), including the risk factors contained in Cabot
Microelectronics’ Annual Report on Form 10-K and its Quarterly
Report on Form 10-Q for the quarter ended June 30, 2019.
Except as required by law, Cabot Microelectronics undertakes no
obligation to update forward-looking statements made by it to
reflect new information, subsequent events or circumstances.
Colleen Mumford
Corporate Relations Director
Cabot Microelectronics Corporation
(630) 499-2600
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