Minerals Technologies Announces Increase in Quarterly Dividend and New Share Repurchase Program

Dividend and Share Repurchase - The company announced a 10% increase in its regular quarterly dividend to $0.11 per share, payable on December 5, 2024, to stockholders of record as of October 31, 2024 [1] - The Board of Directors authorized a new $200 million share repurchase program, reflecting confidence in the company's financial strength and commitment to shareholder returns [2][3] - The previous $75 million share repurchase program was completed in October 2024 [3] Share Repurchase Program Details - Shares may be repurchased in the open market, through Rule 10b5-1 trading plans, or in privately negotiated transactions at the company's discretion [4] - The program does not require the purchase of any minimum number of shares and may be suspended or discontinued at any time without prior notice [4] Company Overview - Minerals Technologies Inc (MTI) is a New York-based, technology-driven specialty minerals company that develops, produces, and markets a broad range of mineral and mineral-based products, systems, and services [6] - The company serves a wide range of consumer and industrial markets globally, including household, food and pharmaceutical, paper, packaging, automotive, construction, and environmental [6] - MTI reported global sales of $2.2 billion in 2023 [6]