Orion S.A. (NYSE: OEC) has just announced its interim quarterly dividend, with the board of directors declaring a payment of $0.0207 per common share of the company for the first quarter of 2025. This amount equates to approximately $1.25 million based on the current number of outstanding common shares.
The dividend is scheduled to be paid on January 21, 2025, to shareholders of record as of the close of business on December 13, 2024. It's worth noting that Luxembourg withholding tax at a rate of 15% will be deducted from each interim dividend, subject to exemptions and reductions in certain circumstances.
Orion S.A. is a prominent global supplier of carbon black, a solid form of carbon used in various applications such as tires, coatings, ink, batteries, plastics, and high-performance specialty products. The company operates innovation centers on three continents and 15 plants worldwide, offering a diverse variety of production processes in the industry.
Orion's corporate lineage spans more than 160 years, with its roots in Germany, where it operates the world's longest-running carbon black plant. The company prides itself on being a leading innovator, leveraging a deep understanding of customers' needs to deliver sustainable solutions.
This announcement reflects the company's commitment to rewarding its shareholders and maintaining its position as a key player in the global specialty chemical industry. As a result of these announcements, the company's shares have moved -2.2% on the market, and are now trading at a price of $16.67. If you want to know more, read the company's complete 8-K report here.
