ROG · 10-Q · 2026Q1 · Full report

Capital Return Program

ROGERS CORP · 2026-04-29 · Importance 58 · Surprise 42

The Fifth Amended Credit Agreement permits the company to pay cash dividends provided no default exists and the company's total net leverage ratio does not exceed 2.75 to 1.00. If the total net leverage ratio exceeds 2.75 to 1.00, Rogers may still make up to $20.0 million in restricted payments, including cash dividends, during the fiscal year provided no default would result. Management reported that the total net leverage ratio did not exceed 2.75 to 1.00 as of March 31, 2026, preserving dividend capacity under the agreement. These covenant terms directly constrain capital return flexibility tied to leverage metrics.