Trinseo (NYSE: TSE), a specialty material solutions provider, today announced that its Board of Directors authorized a quarterly dividend of $0.14 per share, which represents a 56% reduction from the current quarterly dividend of $0.32 per share.

“We remain committed to creating long-term value for our shareholders while maintaining a strong financial position. We believe taking the prudent decision to reduce the dividend will preserve liquidity and enable us to continue to invest in growth and sustainability projects through these challenging macroeconomic conditions,” said Frank Bozich, Trinseo’s President and Chief Executive Officer.

The dividend will be a cash distribution payable on April 20, 2023, to shareholders of record as of the close of business on April 6, 2023.

About Trinseo

Trinseo (NYSE: TSE), a specialty material solutions provider, partners with companies to bring ideas to life in an imaginative, smart and sustainably focused manner by combining its premier expertise, forward-looking innovations and best-in-class materials to unlock value for companies and consumers.

From design to manufacturing, Trinseo taps into decades of experience in diverse material solutions to address customers’ unique challenges in a wide range of industries, including building and construction, consumer goods, medical and mobility.

Trinseo’s approximately 3,400 employees bring endless creativity to reimagining the possibilities with clients all over the world from the company’s locations in North America, Europe and Asia Pacific. Trinseo reported net sales of approximately $5.0 billion in 2022. Discover more by visiting www.trinseo.com and connecting with Trinseo on LinkedIn, Twitter, Facebook and WeChat.

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