PRINCETON, N.J. (AP) — Rockwood Holdings Inc., which makes chemicals and pigments used in manufacturing, said Thursday that it is raising its quarterly cash dividend by 12.5 percent.
The company's board of directors said that shareholders will receive 45 cents per share, up from 40 cents per share. The dividend will be paid on Sept. 26 to stockholders of record as of Sept. 11.
Shares of the Princeton, N.J., rose 34 cents to $63.70 in morning trading.
The dividend hike comes a day after Rockwood appointed Alejandro Wolff, a former U.S. ambassador to Chile, to its board of directors.
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