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Rohm and Haas increases dividend 11%, payable in June

06
May '08
The Rohm and Haas Company Board of Directors approved an increase in the company's quarterly dividends to $0.41 cents per share, an increase of 11 percent, payable on June 1, 2008 to stockholders of record on May 16, 2008.

"Since 1978, we have increased dividends each year, representing an average annual change of 10.2 percent as part of our strong commitment to reward shareholders through balanced deployment of our cash," said Raj L. Gupta, Chairman and Chief Executive Officer.

"Today's announcement maintains this momentum, and together with the implementation of our profitable growth strategy to accelerate shareholder value, reflects our confidence in excellent prospects for the company."

Gupta announced the dividend increase at the company's annual shareholder meeting, in Philadelphia, PA. At today's meeting, stockholders approved the re-election of twelve directors, and ratified PricewaterhouseCoopers, LLP as the company's Independent Registered Public Accounting Firm.

During the proceedings, Gupta noted that the company's performance so far this year has been strong despite extraordinary external challenges, and that the company's Vision 2010 strategy is well underway, with extraordinary progress over the past 12 months.

"Rohm and Haas Company has had nearly a century of strong performance and rewards for our shareholders. We enter our 99th year of operations confident in our Vision 2010 strategy, and focused on the successful implementation of these growth strategies to achieve the ambitious, value-creating goals we have set for this company," said Gupta.


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