Vishay Intertechnology Increases Quarterly Dividend By 26%
May 07 2018 - 4:15PM
Vishay Intertechnology, Inc. (NYSE:VSH) announced today that the
Company's Board of Directors declared a dividend of $0.085 per
share of common stock and Class B common stock, a 26% increase over
the previous quarter’s dividend, to be paid on June 28, 2018 to
stockholders of record as of the close of business on June 13,
2018. Future dividends will be subject to Board approval.
"We are pleased to be in a position to return cash to our
stockholders and proud of the financial health of our Company. Our
significant dividend increase demonstrates our commitment to return
capital to our stockholders and shows confidence in the strength of
our ongoing cash flows," said Marc Zandman, Executive Chairman of
the Board and Chief Business Development Officer. “Our historically
strong cash generation in good times as well as in bad enables us
to declare this increase.”
About VishayVishay Intertechnology, Inc., a
Fortune 1000 Company listed on the NYSE (VSH), is one of the
world's largest manufacturers of discrete semiconductors (diodes,
MOSFETs, and infrared optoelectronics) and passive electronic
components (resistors, inductors, and capacitors). These components
are used in virtually all types of electronic devices and
equipment, in the industrial, computing, automotive, consumer,
telecommunications, military, aerospace, power supplies, and
medical markets. Vishay's product innovations, successful
acquisition strategy, and "one-stop shop" service have made it a
global industry leader. Vishay can be found on the Internet at
http://www.vishay.com.
Forward-Looking StatementsStatements contained
herein that relate to the Company's future performance, including
statements with respect to quarterly cash dividends, are
forward-looking statements within the safe harbor provisions of
Private Securities Litigation Reform Act of 1995. Words such as
"believe," "estimate," "will be," "will," "would," "expect,"
"anticipate," "plan," "project," "intend," "could," "should," or
other similar words or expressions often identify forward-looking
statements. Such statements are based on current expectations only,
and are subject to certain risks, uncertainties and assumptions,
many of which are beyond our control. Should one or more of these
risks or uncertainties materialize, or should underlying
assumptions prove incorrect, actual results, performance, or
achievements may vary materially from those anticipated, estimated
or projected. Among the factors that could cause actual results to
materially differ include: general business and economic
conditions; delays or difficulties in implementing our cost
reduction strategies; delays or difficulties in expanding our
manufacturing capacities; changes in foreign currency exchange
rates; uncertainty related to the effects of changes in foreign
currency exchange rates; competition and technological changes in
our industries; difficulties in new product development;
difficulties in identifying suitable acquisition candidates,
consummating a transaction on terms which we consider acceptable,
and integration and performance of acquired businesses; changes in
applicable domestic and foreign tax regulations and uncertainty
regarding the same; and other factors affecting our operations that
are set forth in our filings with the Securities and Exchange
Commission, including our annual reports on Form 10-K and our
quarterly reports on Form 10-Q. We undertake no obligation to
publicly update or revise any forward-looking statements, whether
as a result of new information, future events or otherwise.
Contact:Vishay Intertechnology, Inc.Peter
HenriciSenior Vice President, Corporate
Communications+1-610-644-1300
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