Himax Technologies, Inc. Declares Cash Dividend for FY2017
June 19 2018 - 5:30AM
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 10
cents per ADS, equivalent to 5 cents per ordinary share, for the
year of 2017.
The cash dividend will be payable on July 31,
2018 to all the shareholders of record as of July 19, 2018. The ADS
book will be closed for issuance and cancellation from July 12,
2018 to July 19, 2018. 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 61.7% based on our fiscal
year 2017 profit. The high payout ratio demonstrates our continued
support of our shareholder base and strong confidence in the
outlook for 2018 and beyond. As reported in the last few earnings
calls, we are investing a total of $105 million of the Phase I
capital expenditure for new building’s construction, WLO capacity
expansion and installation of active alignment equipment to support
our 3D sensing business. Our decision for the high dividend payout
ratio, notwithstanding the high capital expenditure this year,
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 heads-up displays (HUD) for
automotive. The Company also offers digital camera solutions,
including CMOS image sensors and wafer level optics for AR devices,
3D sensing 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 around 2,200 people from three Taiwan-based
offices in Tainan, Hsinchu and Taipei and country offices in China,
Korea, Japan, Israel and the US. Himax has 3,005 patents granted
and 444 patents pending approval worldwide as of March 31st, 2018.
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 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, 2017 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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