dividend
confidence high
sentiment positive
materiality 0.70
Minerals Technologies doubles quarterly dividend to $0.10/share and authorizes $75M buyback
MINERALS TECHNOLOGIES INC
- Quarterly dividend increased 100% to $0.10 per share from $0.05; payable Dec 7 to holders of record Nov 1.
- Board authorized a new one-year $75 million share repurchase program, effective immediately.
- CEO cites confidence in growth and financial performance; balanced capital return approach.
- Repurchases may be made via open market, 10b5-1 plans, or private transactions; no minimum required.