Cytec Industries raises dividend 100%, declares two-for-one stock split Cytec Industries announced that its board declared an increase in the quarterly cash dividend from 12.5c to 25c per share. The cash dividend is payable on August 25, to shareholders of record as of August 11, and will be paid on the pre-split shares. Cytec also declared a two-for-one split of the company's common stock to be paid as a stock dividend. Shareholders of record as of the close of business on September 2 will receive one additional share of common stock for each share of common stock they own, payable on September 17.
Cytec Industries downgraded to Neutral from Buy at Goldman Goldman Sachs analyst Robert Koort downgraded Cytec Industries after the company entered into a definitive agreement to be acquired by Solvay for $75.25 per share in cash.