Chemours has set a fourth-quarter dividend of 3 cts/share, roughly 95% below the 55-ct/share third-quarter dividend assigned by DuPont. This is the first dividend declared by Chemours since it was spun off from DuPont on 1 July. The fourth-quarter dividend announcement is part of Chemours’ “transformation plan to deliver enhanced adjusted Ebitda and improved free cash flow, while strengthening our balance sheet and rewarding our shareholders,” says Mark Vergnano, president and CEO. “Our focus remains on reducing costs, growing our market positions, optimizing our portfolio, refocusing our investments, and enhancing our company. Our actions are designed to reduce our net debt position, improve our financial flexibility, and, over time, allow us to be in a position to return additional cash to shareholders.”
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