Cabot Microelectronics Corporation Announces It is Now CMC Materials, Inc. and Declares Quarterly Cash Dividend
CMC Materials, formerly Cabot Microelectronics Corporation, has officially rebranded as of October 1, 2020.
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Rhea-AI Summary
CMC Materials, formerly Cabot Microelectronics Corporation, has officially rebranded as of October 1, 2020. The name change aligns with the company's mission to innovate critical materials for semiconductor manufacturers and pipeline companies. Alongside a new website launch, the company declared a quarterly cash dividend of $0.44 per share, totaling $1.76 annually, set to be paid on November 6, 2020, to shareholders of record by October 12, 2020. The stock symbol CCMP remains unchanged.
Positive
- Quarterly cash dividend of $0.44 per share demonstrates commitment to returning value to shareholders.
- Rebranding to CMC Materials reinforces the company's focus on innovation and market leadership.
Negative
- None.
Details
News Market Reaction – CCMP
The recorded move for CCMP in the trading session of this news was +2.23%.
Data tracked by StockTitan Argus. Session date unavailable.
AI-generated analysis. How Rhea-AI works. Not financial advice.
New Brand Unites the Organization and Reinforces the Company’s Commitment to the Innovation of Critical, Enabling Materials for Its Customers
Aurora, IL, Oct. 01, 2020 (GLOBE NEWSWIRE) -- Cabot Microelectronics Corporation (Nasdaq: CCMP), a global supplier of consumable materials to semiconductor manufacturers and pipeline companies, announces its name change and rebranding to CMC Materials, Inc., effective today. This comprehensive rebrand to CMC Materials includes a new visual identity and website. The company’s stock ticker, CCMP, remains unchanged.
“Our new company name and brand, CMC Materials, unify the Cabot Microelectronics team. CMC Materials, which reflects our successful history and bright future, is synonymous with supplying high quality critical materials that enable advanced technologies and increased performance,” said David Li, President & CEO.
“As industry leaders, our new brand identity represents our commitment to our mission and values, as well as our ongoing dedication to partner with our customers to innovate the highest quality materials to solve their greatest challenges,” said Colleen Mumford, Vice President, Communications & Marketing.
As part of the company’s comprehensive rebranding, CMC Materials has launched a new website (www.cmcmaterials.com), which highlights the technologies that CMC Materials enables for semiconductor manufacturers and pipeline companies.
The company also announced that yesterday its Board of Directors declared a quarterly cash dividend of
ABOUT CMC MATERIALS, INC.
CMC Materials, Inc. (Nasdaq: CCMP) is a global supplier of consumable materials to semiconductor manufacturers and pipeline companies. The company is a leader in developing high-quality, critical materials that enable superior performance for its customers. CMC Materials’ mission is to create value by delivering high-performing and innovative solutions that solve its customers’ greatest challenges. The company’s solutions play a critical role for its customers’ operations, including helping to enable the manufacturing of smaller, faster and more complex semiconductor devices, and enhancing operations and improving manufacturing efficiencies. The company has approximately 2,200 employees globally. For more information, visit www.cmcmaterials.com or contact Colleen Mumford, Vice President, Communications and Marketing, at 630-499-2600.
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