STMicroelectronics Reports on Stable Cash Dividend of US$0.10 for both the Second and Third Quarter of 2013 to be proposed to the 2013 Annual General Meeting
(Thomson Reuters ONE) -
PR N°C2715C
STMicroelectronics Reports on Stable Cash Dividend of US$0.10 for both the
Second and Third Quarter of 2013 to be proposed to the 2013 Annual General
Meeting
Quarterly dividend distribution to be decided semi-annually instead of annually
Geneva, April 22, 2013 - STMicroelectronics (NYSE: STM), a global semiconductor
leader serving customers across the spectrum of electronics applications, has
announced that its Supervisory Board has approved the Managing Board proposal to
the forthcoming 2013 Annual General Meeting (AGM) of Shareholders to resolve on
the distribution of a cash dividend of US$0.10 for the second quarter, and of
US$0.10 for the third quarter, per outstanding share of the Company's common
stock to be paid in June and September of 2013, respectively. The amount of the
proposed second and third quarter of 2013 cash dividend is stable with respect
to previous quarterly dividend distribution.
Furthermore, while ST's dividend distribution is currently decided on an annual
basis by the AGM, upon the proposal of the Supervisory Board, and associated
payments are made in four equal quarterly installments, the quarterly dividend
distribution will be decided semi-annually instead of annually.
This change will better align to the industry practice, bringing greater
flexibility to ST to achieve its goal of using available cash to enhance its
position in the market, while at the same time managing its cash resources to
continue to reward its shareholders for their trust in the Company.
The fourth quarter 2013 and first quarter 2014 dividends will be decided at a
Shareholders Meeting to be held during the fourth quarter of 2013.
About STMicroelectronics
ST is a global leader in the semiconductor market serving customers across the
spectrum of sense and power and automotive products and embedded processing
solutions. From energy management and savings to trust and data security, from
healthcare and wellness to smart consumer devices, in the home, car and office,
at work and at play, ST is found everywhere microelectronics make a positive and
innovative contribution to people's life. By getting more from technology to get
more from life, ST stands for life.augmented.
In 2012, the Company's net revenues were $8.49 billion. Further information on
ST can be found at www.st.com
For further information, please contact:
INVESTOR RELATIONS:
Tait Sorensen
Group VP, Investor Relations
STMicroelectronics
Tel: +1 602 485 2064
tait.sorensen(at)st.com
MEDIA RELATIONS:
Nelly Dimey
Director, Corporate Media and Public Relations
STMicroelectronics
Tel: +33 1 58 07 77 85
nelly.dimey(at)st.com
ST dividend Q2 and Q3 and new dividend policy:
http://hugin.info/152740/R/1695129/557694.pdf
This announcement is distributed by Thomson Reuters on behalf of
Thomson Reuters clients. The owner of this announcement warrants that:
(i) the releases contained herein are protected by copyright and
other applicable laws; and
(ii) they are solely responsible for the content, accuracy and
originality of the information contained therein.
Source: STMicroelectronics via Thomson Reuters ONE
[HUG#1695129]
Unternehmensinformation / Kurzprofil:
Datum: 22.04.2013 - 22:51 Uhr
Sprache: Deutsch
News-ID 251579
Anzahl Zeichen: 3760
contact information:
Town:
Geneva
Kategorie:
Business News
Diese Pressemitteilung wurde bisher 135 mal aufgerufen.
Die Pressemitteilung mit dem Titel:
"STMicroelectronics Reports on Stable Cash Dividend of US$0.10 for both the Second and Third Quarter of 2013 to be proposed to the 2013 Annual General Meeting"
steht unter der journalistisch-redaktionellen Verantwortung von
STMicroelectronics (Nachricht senden)
Beachten Sie bitte die weiteren Informationen zum Haftungsauschluß (gemäß TMG - TeleMedianGesetz) und dem Datenschutz (gemäß der DSGVO).
