Cabot Microelectronics Corporation (NASDAQ:CCMP) Files An 8-K Other Events
Item 8.01 Other Events.
“Company”) issued a press release entitled “Cabot
Microelectronics Corporation Declares Quarterly Cash Dividend”
announcing that its Board of Directors has declared a quarterly
cash dividend of $0.20 per share on the Company’s common stock,
which would represent an annualized rate of $0.80 per share. The
record date for the quarterly cash dividend will be the close of
business on June 23, 2017, and the payable date for the quarterly
cash dividend will be on or about July 28, 2017. The declaration
and payment of future dividends is subject to the discretion and
determination of the Company’s Board of Directors and
management, based on a variety of factors, and the program may be
suspended, terminated or modified at any time for any reason.
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(d)
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Exhibits
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99.1
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Press release, dated June 5, 2017, entitled “Cabot
Microelectronics Corporation Declares Quarterly Cash Dividend.” |
About Cabot Microelectronics Corporation (NASDAQ:CCMP)
Cabot Microelectronics Corporation supplies polishing slurries and pads used in the manufacture of integrated circuit (IC) devices within the semiconductor industry, in a process called chemical mechanical planarization (CMP). The Company is engaged in the development, manufacture and sale of CMP consumables. The Company develops, produces and sells CMP slurries for polishing conducting and insulating materials used in IC devices, and also for polishing the disk substrates and magnetic heads used in hard disk drives. It also develops, manufactures and sells CMP polishing pads, which are used in conjunction with slurries in the CMP process. The Company also pursues other surface modification applications through its engineered surface finishes (ESF) business. The Company offers CMP polishing pads, under the Epic and NexPlanar brand names, for a range of applications and technology nodes.