Does OEC pay dividends? If not, does the Company plan on paying a dividend in the future?

Q:

Does OEC pay dividends? If not, does the Company plan on paying a dividend in the future?

A:

As stated in the Company's 2018 20-F Annual Report dated March 8, 2019, during the fiscal year 2018, our board of directors declared dividends of $0.80 per common share, equivalent to a total distribution of $47.7 million. The dividends were paid in quarterly installments at $0.20 per share. Luxembourg withholding tax at a rate of 15% was deducted from the dividends, subject to certain exemptions and reductions in certain circumstances.

In accordance with the Luxembourg Company Law, the general meeting of shareholders has the power to make a resolution on the payment of dividends upon the recommendation of the Board of Directors. In deciding whether to recommend any future dividend, the Board of Directors would take into account any legal or contractual limitation, our actual and anticipated future earnings, cash flows, debt service and capital requirements, our business plans and such other matters as the Board of Directors believes appropriate, in its discretion. Generally, any dividend approved by a general meeting of shareholders would be paid out shortly after the meeting.

Orion Engineered Carbons (OEC)
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Investor Resources

Investor Contact

Orion Engineered Carbons LLC
4501 Magnolia Cove Drive Suite 106
Kingwood, TX 77345
Diana Downey
Vice President of Investor Relations
Phone +1 832-589-2285
diana.downey@orioncarbons.com

Orion Engineered Carbons S.A.
6, Route de Trèves
L-2633 Senningerberg (Municipality of Niederanven)
Grand Duchy of Luxembourg
Phone: +352 270 48 06 0
investor-relations@orioncarbons.com

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