Cypress Announces Quarterly Cash Dividend
November 07 2017 - 4:05PM
Business Wire
Cypress Semiconductor Corp. (NASDAQ: CY) today announced that
its Board of Directors has approved a quarterly cash distribution
of $0.11 per share payable to holders of record of the Company's
common stock at the close of business on December 28, 2017. This
dividend will be paid on January 18, 2018.
Cypress’ distribution policy and the payment of cash
distributions under that policy are subject to the Board's
continuing determination that the distribution policy and the
declaration of dividends are in the best interests of Cypress’
stockholders and are in compliance with all laws and agreements of
Cypress applicable to the declaration and payment of cash
distributions. This policy may be changed or cancelled at the
Company’s discretion at any time.
About Cypress
Cypress is a leader in advanced embedded system solutions for
the world’s most innovative automotive, industrial, home automation
and appliances, consumer electronics and medical products. Cypress’
microcontrollers, analog ICs, wireless and USB-based connectivity
solutions and reliable, high-performance memories help engineers
design differentiated products and get them to market first.
Cypress is committed to providing customers with support and
engineering resources that enable innovators and out-of-the-box
thinkers to disrupt markets and create new product categories. To
learn more, go to www.cypress.com.
Forward-Looking Statements
This release may be deemed to contain forward-looking
statements, which are subject to the safe harbor provisions of the
Private Securities Litigation Reform Act of 1995. These
forward-looking statements include, among other things, statements
regarding the Company’s adoption of a cash dividend policy, any
future payments made under that policy, any decision to cancel or
change the cash dividend policy, and the judgment as to the tax
treatment of such dividends, each of which involve risks and
uncertainties. Readers are cautioned that these forward-looking
statements are only predictions and may differ materially from
actual future events or results due to a variety of factors,
including: the discretion of management and the board as to whether
declaring a cash dividend is in the best interests of the Company;
the business and economic conditions and growth trends in the
semiconductor industry and in various geographic regions; our
ability to manage financial risk; our financial results; and other
risks and uncertainties listed in Cypress’s most recent Annual
Report on Form 10-K and in our other filings with the Securities
and Exchange Commission. The information above speaks only as of
the date of this release and the Company assumes no responsibility
to update any such forward-looking statements.
IRS Circular 230 disclosure: To ensure compliance with
requirements imposed by the IRS, we inform you that any tax advice
contained in this communication, unless expressly stated otherwise,
was not intended or written to be used, and cannot be used, for the
purpose of (i) avoiding tax-related penalties under the Internal
Revenue Code or (ii) promoting, marketing or recommending to
another party any tax-related matter(s) addressed herein.
Cypress and the Cypress logo are registered trademarks of
Cypress Semiconductor Corp. All other trademarks are property of
their owners.
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version on businesswire.com: http://www.businesswire.com/news/home/20171107006675/en/
Cypress Semiconductor Corp.Thad Trent, 408-943-2925EVP Finance
& Administration and CFOorJoseph L. McCarthy,
408-943-2902Director Corporate Communications
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