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STMicroelectronics Proposes Cash Dividend

Quarterly dividend to be maintained at US$0.10 per share over each of the next four quarters

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By: DAVID SAVASTANO

Contributing Editor, Coatings World and Ink World, Coatings World and Ink World Magazine

STMicroelectronics has announced that its Supervisory Board has approved the Managing Board proposal to the 2015 Annual General Meeting (AGM) of Shareholders to declare this year a cash dividend of US$0.40 per outstanding share of the company’s common stock, to be distributed in quarterly installments of US$0.10 in each of the second, third and fourth quarters of 2015 and first quarter of 2016 to shareholders of record at each respective date. The AGM will be held on May 27, 2015.
 
Furthermore, ST’s Supervisory Board resolved that the Company’s dividend distributions, more recently decided on a semi-annual basis, will now be decided on an annual basis at ST’s Annual General Meeting of Shareholders.

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