KEMET Announces Quarterly Dividend
August 01 2019 - 7:50AM
KEMET Corporation, a Delaware corporation (“KEMET” or the
“Company”), a leading global supplier of passive electronic
components, today announced that the Board of Directors has
declared a quarterly dividend of $0.05 per share of the Company’s
common stock. Payment will be made on August 26, 2019 to
shareholders of record at the close of business on August 15, 2019.
About KEMET
The Company's common stock is listed on the NYSE
under the ticker symbol "KEM" (NYSE: KEM). At the Investor
Relations section of our web site at http://ir.kemet.com, users may
subscribe to KEMET news releases and find additional information
about our Company. KEMET offers our customers the broadest
selection of capacitor technologies in the industry, along with an
expanding range of sensors, actuators and electromagnetic
compatibility solutions. KEMET operates manufacturing facilities,
sales and distribution centers around the world. Additional
information about KEMET can be found at http://www.kemet.com.
Cautionary Statement on Forward-Looking
Statements
Certain statements included herein contain
forward-looking statements within the meaning of federal securities
laws about the Company's financial condition and results of
operations that are based on management's current expectations,
estimates and projections about the markets, in which the Company
operates, as well as management's beliefs and assumptions. Words
such as "expects," "anticipates," "believes," "estimates" or other
similar expressions and future or conditional verbs such as “will,”
“should,” “would,” and “could” are intended to identify such
forward-looking statements. These statements are not guarantees of
future performance and involve certain risks, uncertainties and
assumptions, which are difficult to predict. Therefore, actual
outcomes and results may differ materially from what is expressed
or forecasted in, or implied by, such forward-looking statements.
Readers are cautioned not to place undue reliance on these
forward-looking statements, which reflect management's judgment
only as of the date hereof. The Company undertakes no obligation to
update publicly any of these forward-looking statements to reflect
new information, future events or otherwise.
Factors that may cause actual outcomes and
results to differ materially from those expressed in, or implied
by, these forward-looking statements include, but are not
necessarily limited to the following: (i) adverse economic
conditions could impact our ability to realize operating plans if
the demand for our products declines, and such conditions could
adversely affect our liquidity and ability to continue to operate
and could cause a write down of long-lived assets or goodwill; (ii)
an increase in the cost or a decrease in the availability of our
principal or single-sourced purchased raw materials; (iii) changes
in the competitive environment; (iv) uncertainty of the timing of
customer product qualifications in heavily regulated industries;
(v) economic, political, or regulatory changes in the countries in
which we operate; (vi) difficulties, delays, or unexpected costs in
completing the Company’s restructuring plans; (vii) acquisitions
and other strategic transactions expose us to a variety of risks,
including the ability to successfully integrate and maintain
adequate internal controls over financial reporting in compliance
with applicable regulations; (viii) our acquisition of TOKIN
Corporation may not achieve all of the anticipated results; (ix)
our business could be negatively impacted by increased regulatory
scrutiny and litigation; (x) difficulties associated with
retaining, attracting, and training effective employees and
management; (xi) the need to develop innovative products to
maintain customer relationships and offset potential price erosion
in older products; (xii) exposure to claims alleging product
defects; (xiii) the impact of laws and regulations that apply to
our business, including those relating to environmental matters,
data protection, cyber security and privacy; (xiv) the impact of
international laws relating to trade, export controls and foreign
corrupt practices; (xv) changes impacting international trade and
corporate tax provisions related to the global manufacturing and
sales of our products may have an adverse effect on our financial
condition and results of operations; (xvi) volatility of financial
and credit markets affecting our access to capital; (xvii) default
or failure of one or more of our counterparty financial
institutions could cause us to incur significant losses; (xviii)
the need to reduce the total costs of our products to remain
competitive; (xix) potential limitation on the use of net operating
losses to offset possible future taxable income; (xx) restrictions
in our debt agreements that could limit our flexibility in
operating our business; (xxi) service interruption,
misappropriation of data, or breaches of security as it relates to
our information systems could cause a disruption in our operations,
financial losses, and damage to our reputation; (xxii) economic and
demographic experience for pension and other post-retirement
benefit plans could be less favorable than our assumptions; (xxiii)
fluctuation in distributor sales could adversely affect our results
of operations; (xxiv) earthquakes and other natural disasters could
disrupt our operations and have a material adverse effect on our
financial condition and results of operations; and (xxv) volatility
in our stock price.
Contact: |
Gregory C. ThompsonEVP and Chief
Financial OfficerGregThompson@KEMET.com954-595-5081 |
Richard J. Vatinelle Vice
President and
TreasurerInvestorRelations@KEMET.com 954-766-2819 |
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