18 June 2015

Skyworks doubles quarterly dividend

Skyworks Solutions Inc of Woburn, MA, USA (which manufactures analog and mixed-signal semiconductors) says that its board of directors has declared a cash dividend of $0.26 per share (doubling the prior quarterly dividend of $0.13 per share).

Based on the closing price of Skyworks' stock on 17 June, the increased dividend represents roughly a 1% yield, or $1.04 per share on an annualized basis. The dividend is payable on 27 August to stockholders of record as of the close of business on 6 August.

"Our quarterly dividend and share repurchases are important components of our ongoing commitment to return approximately 40% of free cash flow to shareholders — a level that we believe strikes an appropriate balance between shareholder returns and investments in our business," says executive VP & chief financial officer Donald W. Palette. "The increase in quarterly payout is supported by an expanding cash flow base and reflects our ongoing confidence in our ability to continue to consistently produce above-market growth and best-in-class financial returns," he adds. 

See related items:

Skyworks' quarterly revenue rises by more-than-expected 58% year-on-year to $762m

Tags: Skyworks

Visit: www.skyworksinc.com