Innophos Holdings increases quarterly dividend by 20% to 48c Innophos Holdings confirmed the details of a recently announced increase in its quarterly dividend to 48c per share of common stock declared by its board. The dividend will be payable on August 29 to stockholders of record as of the close of business on August 15. The new rate represents a 20% increase over the previous 40c per share quarterly dividend rate.
Innophos Holdings evaluating initiatives given margin compression The company said, "Given the 2015 margin compression that we are experiencing, we are currently evaluating several initiatives to improve the overall operating efficiency of the organization, targeting to at least cover the 100 basis points cost component of the margin compression. These initiatives may require various one-time costs such as capital spending, involuntary and/or voluntary separation costs. The various initiatives being reviewed include production unit consolidations and various staff reduction initiatives. We intend to conclude the evaluation of these initiatives and seek Board approval by the end of the third quarter 2015."