Celanese Corporation Announces 20 Percent Dividend Increase (CE)

Celanese Corporation CE 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 $0.05 to $0.06 per share of common stock on a quarterly basis and from $0.20 to $0.24 per share of common stock on an annual basis. The new dividend rate will be applicable to dividends payable beginning in August 2011.