Innospec Increases Semi-Annual Dividend to $0.94 Per Share
Innospec Inc. (IOSP) has announced a 2.2% increase in its semi-annual dividend, raising the payout from $0.92 to $0.94 per share. This adjustment results in a forward dividend yield of approximately 1.89%. The dividend is scheduled to be paid on November 25, with the ex-dividend date and record date both set for November 17. The announcement follows recent financial performance where Innospec reported a Non-GAAP EPS of $1.29, slightly exceeding analyst expectations by $0.03. While revenue reached $473.6 million, it fell short of estimates by approximately $5.57 million. The dividend hike reflects the company's ongoing efforts to return value to shareholders amidst steady topline growth.
Tickers: $IOSP
Topics: dividend increase earnings beat revenue miss
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