MOSCOW (MRC) -- Celanese Corporation, a global technology and specialty materials company and a global leader in vinyl acetate ethylene (EVA) emulsions, has declared a quarterly dividend of USD0.36 per share on its Series A common stock, payable on March 3, 2017, as per the company's press release.
The dividend is payable for the period beginning November 1, 2016 and ending on and including January 31, 2017 to stockholders of record as of February 21, 2017.
As MRC wrote before, Celanese Corporation increased list and off-list selling prices for low density polyethylene (LDPE) polymers. The price increase was effective February 1, 2017, or as contracts allow. Thus, LDPE prices grew by USD0.05/lb (USD0.11/kg or USD110/tonne) for North and South America.
Besides, Celanese Corporation announced that it will increase the price of emulsions sold in the Americas. Thus, vinyl acetate homopolymer emulsions, vinyl acrylic emulsions, vinyl acetate ethylene emulsions, and acrylic emulsions will increase by up to USD0.03/wet pound effective March 1, 2017, or as contracts allow. This price increase affects all applications including, but not limited to, adhesives, paints and coatings, building and construction, nonwovens, glass fiber, carpet, paper and textiles. This announcement is in addition to the price increase for vinyl acetate based emulsions which was announced on October 14, 2016, and effective November 15, 2016.
Celanese Corporation is a global technology leader in the production of differentiated chemistry solutions and specialty materials used in most major industries and consumer applications. Based in Dallas, Celanese employs approximately 7,300 employees worldwide and had 2016 net sales of USD5.4 billion.
MRC