Balchem hikes annual dividend by 10.1% to $0.87

Balchem Corporation (BCPC) will increase its annual dividend by ten percent to 87 cents per share. The dividend yield is 0.5%.

On December 9, 2024, its Board of Directors declared a dividend on its shares of common stock equal to $0.87 per share on the Company’s issued and outstanding Common Stock, to be payable on January 17, 2025 to stockholders of record at the close of business on December 26, 2024. This dividend represents an 10.1% increase over last year’s annual dividend.

Ted Harris, Balchem’s Chairman, President and CEO, said, “Balchem has a long-standing commitment to an annual dividend and we are pleased to announce the continuation of that commitment. This dividend represents the sixteenth consecutive increase in our annual dividend, reflecting both the consistently outstanding financial performance the company has delivered and the Board’s continued confidence in our long-term strategies.”

At a stock price of $178 the dividend yield for Balchem is 0.5%. Balchem is one of only a few US companies with an annual dividend payment. Most companies pay a quarterly dividend. 

Balchem Corporation creates and markets specialty ingredients that enhance health and well-being globally. The company operates in three segments: Human Nutrition & Health, Animal Nutrition & Health, and Specialty Products. The Human Nutrition & Health segment offers customized food and beverage ingredients and key nutrients for the food, supplement, and pharmaceutical industries. The Animal Nutrition & Health segment supplies products to various animal health markets. The Specialty Products segment provides specialty-packaged chemicals for healthcare and other industries, and chelated minerals for agriculture.