OREANDA-NEWS. Celanese Corporation (NYSE:CE), a global technology and specialty materials company, today announced that its board of directors has approved a 20 percent increase in the company's quarterly common stock cash dividend. The dividend rate increased from $0.30 to $0.36 per share of common stock on a quarterly basis and from $1.20 to $1.44 per share of common stock on an annual basis. The new dividend rate will be applicable immediately.

“This 20 percent increase reflects our strong cash generation, commitment to growing our dividend and confidence in our underlying businesses,” said Mark Rohr, chairman and chief executive officer.

The company also declared a quarterly cash dividend of $0.36 per share on its Series A common stock, payable on May 12, 2016.

The dividend is payable to stockholders of record as of May 2, 2016.