STMicroelectronics : STMicroelectronics Reports on Stable Cash Dividend of
US$0.10 for both the Second and Third Quarter of 2013 to be proposed to the
2013 Annual General Meeting
STMicroelectronics Reports on Stable Cash Dividend of US$0.10 for both the
Second and Third Quarter of 2013 to be proposed to the 2013 Annual General
Quarterly dividend distribution to be decided semi-annually instead of
Geneva, April 22, 2013 - STMicroelectronics (NYSE: STM), a global
semiconductor leader serving customers across the spectrum of electronics
applications, has announced that its Supervisory Board has approved the
Managing Board proposal to the forthcoming 2013 Annual General Meeting (AGM)
of Shareholders to resolve on the distribution of a cash dividend of US$0.10
for the second quarter, and of US$0.10 for the third quarter, per outstanding
share of the Company's common stock to be paid in June and September of 2013,
respectively. The amount of the proposed second and third quarter of 2013 cash
dividend is stable with respect to previous quarterly dividend distribution.
Furthermore, while ST's dividend distribution is currently decided on an
annual basis by the AGM, upon the proposal of the Supervisory Board, and
associated payments are made in four equal quarterly installments, the
quarterly dividend distribution will be decided semi-annually instead of
This change will better align to the industry practice, bringing greater
flexibility to ST to achieve its goal of using available cash to enhance its
position in the market, while at the same time managing its cash resources to
continue to reward its shareholders for their trust in the Company.
The fourth quarter 2013 and first quarter 2014 dividends will be decided at a
Shareholders Meeting to be held during the fourth quarter of 2013.
ST is a global leader in the semiconductor market serving customers across the
spectrum of sense and power and automotive products and embedded processing
solutions. From energy management and savings to trust and data security, from
healthcare and wellness to smart consumer devices, in the home, car and
office, at work and at play, ST is found everywhere microelectronics make a
positive and innovative contribution to people's life. By getting more from
technology to get more from life, ST stands for life.augmented.
In 2012, the Company's net revenues were $8.49 billion. Further information on
ST can be found at www.st.com
For further information, please contact:
Group VP, Investor Relations
Tel: +1 602 485 2064
Director, Corporate Media and Public Relations
Tel: +33 1 58 07 77 85
ST dividend Q2 and Q3 and new dividend policy
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information contained therein.
Source: STMicroelectronics via Thomson Reuters ONE
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