Why Minerals Technologies Shares Are Jumping Today
Portfolio Pulse from Shivani Kumaresan
Minerals Technologies Inc (NYSE:MTX) has doubled its regular quarterly dividend to $0.10 per share and authorized a new, one-year $75 million share repurchase program. The dividend is payable on December 7, 2023, to stockholders of record at the close of business on November 1, 2023. The company's shares traded higher by 6.30% at $53.30 on the last check Thursday.
October 19, 2023 | 2:54 pm
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Minerals Technologies has doubled its dividend and authorized a share repurchase program, which has led to a rise in its share price.
The doubling of the dividend and the authorization of a share repurchase program are positive signals for investors, indicating the company's confidence in its financial performance. This has led to a rise in the company's share price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100