Advanced Energy Announces Initiation of Quarterly Dividend Program
December 14 2020 - 5:22PM
Business Wire
Advanced Energy Industries, Inc. (NASDAQ: AEIS), a global leader
in highly engineered, precision power conversion, measurement and
control solutions, today announced that its Board of Directors has
approved the initiation of a cash dividend program under which we
intend to pay a regular quarterly dividend of $0.10 per share,
starting in the first quarter of 2021. Future dividend payments are
subject to approval by the Board of Directors.
“I am pleased to announce the Board’s decision to authorize a
regular quarterly cash dividend,” said President & CEO Yuval
Wasserman. "We believe the initiation of a quarterly cash dividend
program demonstrates confidence in our strategy and our commitment
to consistently return capital to shareholders and enhance
shareholder value."
About Advanced Energy
Advanced Energy (Nasdaq: AEIS) is a global leader in the design
and manufacturing of highly engineered, precision power conversion,
measurement and control solutions for mission-critical applications
and processes. AE’s power solutions enable customer innovation in
complex applications for a wide range of industries including
semiconductor equipment, industrial, manufacturing,
telecommunications, data center computing and healthcare. With
engineering know-how and responsive service and support around the
globe, the company builds collaborative partnerships to meet
technology advances, propel growth for its customers and innovate
the future of power. Advanced Energy has devoted more than three
decades to perfecting power for its global customers and is
headquartered in Denver, Colorado, USA. For more information, visit
www.advancedenergy.com.
Advanced Energy | Precision. Power. Performance.
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version on businesswire.com: https://www.businesswire.com/news/home/20201214005678/en/
Brian Smith Advanced Energy Industries, Inc. (970) 407-6555
ir@aei.com
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