Sensient Technologies hikes dividend by 5.1%

Sensient Technologies Corporation (SXT) will raise its quarterly dividend by 5.1 percent to 41 cents per share in 2021. This follows a dividend hike of  8.3 percent to $0.36 per share in 2019 and will mark 16 years in a row of annual dividend increases.

The next SXT cash dividend will be paid on December 1, 2021, to shareholders of record on November 1, 2021. A new annual rate of $1.64 per share yields 1.7% at a stock price of $96.62. The next ex-dividend date for Sensient is October 29, 2021.

“This increase raises our dividend payments to an annualized payout of $1.64 per share and reflects the ongoing confidence in the future of our business,” said Paul Manning, Chairman, President and Chief Executive Officer of Sensient Technologies Corporation. “With this increase, our quarterly dividend has risen by 37% over the past five years.”

Sensient Technologies Corporation is a manufacturer and marketer of colors, flavors and fragrances. Sensient employs technologies to develop specialty food and beverage systems, cosmetic and pharmaceutical systems, inkjet and specialty inks and colors, and other specialty and fine chemicals. Sensient’s customers range in size from small entrepreneurial businesses to major international manufacturers representing some of the world’s best-known brands. Sensient is headquartered in Milwaukee, Wisconsin.

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