The Board of Directors of A. Schulman, Inc. (Nasdaq-GS: SHLM) today declared a regular quarterly cash dividend of $0.205 per common share, payable November 5, 2014, to shareholders of record on October 27, 2014. This represents a 2.5% increase over the prior quarter's dividend payout.
The dividend on an annualized basis now stands at $0.82 per share, and represents a yield of approximately 2.7%.
"The Company's strong balance sheet and cash flow from operations – expected to be in excess of $110 million in fiscal 2014 – enable A. Schulman to continue the streak of annual dividend payments that began when we went public in 1972," said Joseph M. Gingo, Chairman, President and Chief Executive Officer of A. Schulman. "Our ability to increase our dividend payment yet again, combined with our aggressive strategic acquisition campaign and organic growth initiatives, provides our shareholders with very attractive returns."