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Tuesday, September 01, 2015 8:08:16 PM
WILMINGTON, Del., Sept. 1, 2015 /PRNewswire/ -- The Chemours Company ("Chemours") (NYSE: CC), a global chemical company with leading market positions in titanium technologies, fluoroproducts and chemical solutions, announced today that its Board of Directors declared a quarterly cash dividend of $0.03 per share on the company's common stock for the fourth quarter of 2015. The dividend will be paid on December 14, 2015 to stockholders of record as of the close of business on November 13, 2015. This is the first dividend declared by Chemours as an independent publicly traded company.
"Today's announcement is in-line with our five-point transformation plan to deliver enhanced Adjusted EBITDA and improved free cash flow, while strengthening our balance sheet and rewarding our shareholders. Our focus remains on reducing costs, growing our market positions, optimizing our portfolio, refocusing our investments, and enhancing our company. Our actions are designed to reduce our net debt position, improve our financial flexibility, and, over time, allow us to be in a position to return additional cash to shareholders," said Mark Vergnano, president and CEO.
About The Chemours Company
The Chemours Company (NYSE: CC) helps create a colorful, capable and cleaner world through the power of chemistry. Chemours is a global leader in titanium technologies, fluoroproducts and chemical solutions, providing its customers with solutions in a wide range of industries with market-defining products, application expertise and chemistry-based innovations. Chemours ingredients are found in plastics and coatings, refrigeration and air conditioning, mining and oil refining operations and general industrial manufacturing. Our flagship products include prominent brands such as Teflon™, Ti-Pure™, Krytox™, Viton™, Opteon™ and Nafion™. Chemours has approximately 9,000 employees across 37 manufacturing sites serving more than 5,000 customers in North America, Latin America, Asia-Pacific and Europe. Chemours is headquartered in Wilmington, Delaware and is listed on the NYSE under the symbol CC. For more, information please visit chemours.com.
http://www.prnewswire.com/news-releases/chemours-announces-fourth-quarter-dividend-300136342.html
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