Minerals Technologies Increases Quarterly Dividend by 8% to $0.13 Per Share
Minerals Technologies Inc. (MTX) has announced an 8% increase in its quarterly dividend, raising the payout from $0.12 to $0.13 per share. The dividend carries a forward yield of 0.82%, with a payment date scheduled for December 3. Shareholders of record must be registered by November 5, which also serves as the ex-dividend date. In addition to the dividend hike, the company provided quarterly guidance, anticipating Q3 sales of approximately $550 million and earnings per share (EPS) between $1.55 and $1.60. Management noted that price and cost catch-up effects are expected to shift toward the fourth quarter.