Silicom Announces $0.55/Share Dividend in Respect of Its 2012 Results
KFAR SAVA, Israel -- March 18, 2013
Silicom Ltd. (NASDAQ:SILC) (TASE:SILC) today announced that its Board of
Directors has declared a cash dividend in the amount of US $0.55 per share in
respect of its 2012 results, representing an aggregate distribution of
approximately US $3.9 million. The dividend will be payable on April 17, 2013
to all shareholders of record at the close of the NASDAQ Global Market on
April 4, 2013.
“Following our January 2013 decision to implement a dividend policy, and given
our cash balance of nearly $57 million and visibility for continued
accelerated growth, we are very pleased to share our success more directly
with our shareholders,” stated Shaike Orbach, Silicom’s President and CEO. “We
believe that the perfect fit between our strategy and products on the one
hand, and the critical short- and long-term needs of the Networking and Data
Infrastructure Industry on the other, will continue to drive our momentum,
even beyond our 2012 results, which broke all previous records across all
parameters. As a result, we are now positioned to rise to a whole new level,
both in our performance and in the value we provide to our shareholders.”
Silicom Ltd. is an industry-leading provider of high-performance networking
and data infrastructure solutions. Designed primarily to increase data center
efficiency, Silicom’s solutions dramatically improve the throughput and
availability of networking appliances and other server-based systems.
Silicom’s products are used by a large and growing base of OEM customers, many
of whom are market leaders, as performance-boosting solutions for their
offerings in the Application Delivery, WAN Optimization, Security and other
mission-critical segments within the fast-growing virtualization, cloud
computing and big data markets. Silicom’s product portfolio includes
multi-port 1/10 Gigabit Ethernet server adapters, Intelligent Bypass
solutions, Encryption accelerators and a variety of innovative Smart adapters.
These products are available for incorporation directly into our OEM
customers' systems, or provided as part of Silicom’s patented SETAC (Server To
Appliance Converter), a unique approach to the provision of high quality
standard platforms with modular front connectivity.
For more information, please visit: www.silicom.co.il.
Statements in this press release which are not historical data are
forward-looking statements which involve known and unknown risks,
uncertainties, or other factors not under the Company's control, which may
cause actual results, performance, or achievements of the Company to be
materially different from the results, performance, or other expectations
implied by these forward-looking statements. These factors include, but are
not limited to, those detailed in the Company's periodic filings with the
Securities and Exchange Commission. The Company disclaims any duty to update
Investor relations contact:
Kenny Green / Ehud Helft
CCG Israel Investor Relations
Tel: +1 646 201 9246
E-mail : firstname.lastname@example.org
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