Minerals Technologies raises dividend, announces $200M share repurchase program

Minerals Technologies announced a 10% increase of its regular quarterly dividend on the company’s common stock to 11c per share. The dividend is payable on December 5 to stockholders of record at the close of business on October 31. In addition, MTI’s board of directors has authorized a new $200M share repurchase program. The company expects to repurchase shares under this authorization as part of its balanced approach to capital allocation. In October, the company completed its previous one-year $75M share repurchase program.