WAYNE, PA — Trinseo (NYSE: TSE) announced that its Board of Directors recently authorized a quarterly dividend of $0.14 per share, which represents a 56% reduction from the current quarterly dividend of $0.32 per share.
“We remain committed to creating long-term value for our shareholders while maintaining a strong financial position. We believe taking the prudent decision to reduce the dividend will preserve liquidity and enable us to continue to invest in growth and sustainability projects through these challenging macroeconomic conditions,” said Frank Bozich, Trinseo’s President and Chief Executive Officer.
The dividend will be a cash distribution payable on April 20, 2023, to shareholders of record as of the close of business on April 6, 2023
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