Himax Technologies, Inc. Declares Cash Dividend for FY2016
June 23 2017 - 6:00AM
Himax Technologies, Inc. (Nasdaq:HIMX) (“Himax” or “Company”), a
leading supplier and fabless manufacturer of display drivers and
other semiconductor products, today declared a cash dividend of 24
cents per ADS, equivalent to 12 cents per ordinary share, for the
year of 2016.
The cash dividend will be payable on August 14,
2017 to all the shareholders of record as of July 31, 2017. The ADS
book will be closed for issuance and cancellation from July 24,
2017 to July 31, 2017. Typically, Himax pays out its yearly
dividend at approximately the middle of its current calendar year
based on the Company's previous year's financial performance.
“Since our IPO in 2006, we have remained
committed to a dividend policy," said Mr. Jordan Wu, President and
Chief Executive Officer of Himax Technologies, Inc. "This year's
dividend represents a payout ratio of 81.4% based on our fiscal
year 2016 profit. The high payout ratio demonstrates our continued
support of our shareholder base and strong confidence in the
outlook for 2017 and beyond. As reported in the last few earnings
calls, we are enlarging our WLO capacity within the current
headquarters to meet certain anchor customer's strong demand
starting 2017. We are also constructing a new building to house
further WLO capacity, the next generation LCOS production lines,
and additional office space. Our decision for the high dividend
payout ratio, notwithstanding the high capital expenditure this
year and next, reflects our confidence on the healthy balance
sheet, cash flow and the strong return expected of such
expansion."
About Himax Technologies,
Inc.
Himax Technologies, Inc. (NASDAQ:HIMX) is a
fabless semiconductor solution provider dedicated to display
imaging processing technologies. Himax is a worldwide market leader
in display driver ICs and timing controllers used in TVs, laptops,
monitors, mobile phones, tablets, digital cameras, car navigation,
virtual reality (VR) devices and many other consumer electronics
devices. Additionally, Himax designs and provides controllers for
touch sensor displays, in-cell Touch and Display Driver Integration
(TDDI) single-chip solutions, LED driver ICs, power management ICs,
scaler products for monitors and projectors, tailor-made video
processing IC solutions, silicon IPs and LCOS micro-displays for
augmented reality (AR) devices and head-up displays (HUD) for
automotive. The Company also offers digital camera solutions,
including CMOS image sensors and wafer level optics for AR devices,
3D depth scanning and machine vision, which are used in a wide
variety of applications such as mobile phone, tablet, laptop, TV,
PC camera, automobile, security, medical devices and Internet of
Things. Founded in 2001 and headquartered in Tainan, Taiwan, Himax
currently employs over 2,100 people from three Taiwan-based offices
in Tainan, Hsinchu and Taipei and country offices in China, Korea,
Japan and the US. Himax has 2,982 patents granted and 420 patents
pending approval worldwide as of March 31st, 2017. Himax has
retained its position as the leading display imaging processing
semiconductor solution provider to consumer electronics brands
worldwide.
http://www.himax.com.tw
Forward Looking Statements
Factors that could cause actual events or
results to differ materially include, but are not limited to,
General business and economic conditions and the state of the
semiconductor industry; market acceptance and competitiveness of
the driver and non-driver products developed by the Company; demand
for end-use applications products; reliance on a small group of
principal customers; the uncertainty of continued success in
technological innovations; our ability to develop and protect our
intellectual property; pricing pressures including declines in
average selling prices; changes in customer order patterns; changes
in estimated full-year effective tax rate; shortages in supply of
key components; changes in environmental laws and regulations;
exchange rate fluctuations; regulatory approvals for further
investments in our subsidiaries; our ability to collect accounts
receivable and manage inventory and other risks described from time
to time in the Company's SEC filings, including those risks
identified in the section entitled "Risk Factors" in its Form 20-F
for the year ended December 31, 2016 filed with the SEC, as may be
amended.
Company Contacts:
Jackie Chang, CFOHimax
Technologies, Inc.Tel: +886-2-2370-3999 Ext.22300 OrUS Tel:
+1-949-585-9838 Ext.252Fax: +886-2-2314-0877Email:
jackie_chang@himax.com.twwww.himax.com.tw
Ophelia Lin, Investor
RelationsHimax Technologies, Inc.Tel: +886-2-2370-3999
Ext.22202Fax: +886-2-2314-0877 Email:
ophelia_lin@himax.com.tw www.himax.com.tw
Ken Liu, Investor
RelationsHimax Technologies, Inc.Tel: +886-2-2370-3999
Ext.22513Fax: +886-2-2314-0877 Email:
ken_liu@himax.com.twwww.himax.com.tw
Investor Relations - US
RepresentativeGreg Falesnik, Managing DirectorMZ North
AmericaTel: +1-212-301-7130Email: greg.falesnik@mzgroup.us
www.mzgroup.us
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