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Rockwood Holdings Inc. is initiating a quarterly dividend of 35 cents per share.

The specialty chemicals company based in Princeton, N.J. said Monday that the dividend will be paid on July 11 to shareholders of record on June 26.

Rockwood said it expects to make future dividend payments in March, June, September and December.

In April, Rockwood reported that its first-quarter adjusted earnings beat Wall Street's expectations as revenue dipped less than 1 percent.

Its shares finished at $47.30 last week. They have traded in a 52-week range of $30.43 to $62.03 per share.

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