Atmel Corp (ATML) Initiates, Declares $0.04 Quarterly Dividend; 1.9% Yield
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Atmel Corp (NASDAQ: ATML) initiated and declared a quarterly dividend of $0.04 per share, or $0.16 annualized. The dividend will be payable on March 26, 2015, to stockholders of record on March 16, 2015, with an ex-dividend date of March 12, 2015. The annual yield on the dividend is 1.9 percent.
Atmel has also reiterated its intent to continue to return capital to stockholders through its ongoing share repurchase program which has returned over $790 million of cash to stockholders since 2010. Atmel has approximately $209 million of remaining stock repurchase authorization.
"Atmel has been transformed into a company featuring a stronger operating model with consistent cash generation," said Steve Laub, Atmel's President and Chief Executive Officer. "The initiation of a quarterly dividend, combined with our existing stock repurchase program, demonstrates confidence in our business and a continued commitment to driving shareholder value."
For a dividend history and other dividend-related data on Atmel Corp (ATML) click here.
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