HOUSTON - Orion Engineered Carbons S.A. (NYSE: NYSE:OEC), a specialty chemical company, has declared an interim dividend of $0.0207 per common share, scheduled for payment in the upcoming second quarter. The total dividend payout is projected to be approximately $1.25 million, based on the current count of outstanding common shares.
Shareholders on record by the end of business on March 13, 2024, will be eligible for the dividend, which is to be distributed on April 4, 2024. A 15% withholding tax, as per Luxembourg's regulations, will be applied to the dividend, with potential exemptions or reductions applicable under certain conditions.
Orion S.A. is recognized as a global leader in the production of carbon black, a versatile material used across various industries, including automotive, industrial coatings, and consumer electronics. With a history extending over 160 years, Orion continues to innovate, focusing on sustainable solutions tailored to customer needs. The company boasts a broad network of innovation centers and production plants, ensuring a wide range of process capabilities.
This announcement contains forward-looking statements regarding the interim dividend, which are subject to risks and uncertainties. These include, but are not limited to, risks associated with dividend payments as detailed in Orion's Annual Report on Form 10-K for the fiscal year ending December 31, 2022.
The company does not take on the obligation to update any forward-looking statements publicly as a result of new information or future events, except as required by law.
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