Trinseo Announces Quarterly Dividend of $0.01 Per Share

Trinseo

WAYNE, PA — Trinseo (NYSE: TSE) announced that its Board of Directors recently authorized a quarterly dividend of $0.01 per share.

As announced during the Company’s first quarter earnings call, this dividend reduction, along with reductions in working capital and capital expenditures and the Matamoros asset sale, is expected to improve the Company’s cash and liquidity profile by more than $100 million in 2023.

“We remain committed to creating long-term shareholder value, and we believe this decision is prudent given the current low-demand economic environment while enabling continued investment in our growth and sustainability initiatives,” said Frank Bozich, Trinseo’s President and Chief Executive Officer.

The dividend will be a cash distribution payable on July 20, 2023, to shareholders of record as of the close of business on July 6, 2023.

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