Market Dynamics
PolyOne Announces 33% Increase in Quarterly Dividend
Time: 2013-12-11 Source from: www.coatingsworld.com
The Board of Directors of PolyOne Corporation (NYSE: POL), has declared a dividend of eight cents ($0.08) per share on the common stock outstanding, representing a 33% increase to the quarterly cash dividend. The eight cent ($0.08) per share dividend will be paid on January 9, 2014, to shareholders of record on December 17, 2013. This represents the third increase to PolyOne's dividend and a doubling since the company re-instituted its quarterly cash dividend in March 2011 at $0.04 per share."We are pleased to announce an increase in our quarterly dividend. As a result of the relentless execution of our four pillar strategy, we have created a foundation for sustained growth," said Stephen D. Newlin, Chairman, President, and Chief Executive Officer. "During the third quarter of 2013, we increased adjusted earnings per share by 29%, our 16th consecutive quarter of double-digit EPS expansion.