Reading time ( words)
Element Solutions Inc. announced that its Board of Directors has declared a quarterly cash dividend of $0.08 per share of the Company's common stock. The declared dividend will be paid on December 15, 2021 to stockholders of record as of the close of business on December 1, 2021.
The Board has also authorized a $565 million increase to the Company’s stock repurchase program. The total authorized amount is now $750 million, which includes approximately $185 million in remaining capacity from its prior authorization. The increased stock repurchase authorization is effective immediately. Repurchases under the stock repurchase program may be made opportunistically at the discretion of the Company.