Skyworks Solutions (SWKS) Raises Quarterly Dividend 100% to $0.26; 1% Yield

Skyworks Solutions (NASDAQ: SWKS) declared a quarterly dividend of $0.26 per share, or $1.04 annualized. This is a 100% increase from the prior dividend of $0.13.

The dividend will be payable on August 27, 2015, to stockholders of record on August 6, 2015, with an ex-dividend date of August 4, 2015.

The annual yield on the dividend is 1 percent.

“Our quarterly dividend and share repurchases are important components of our ongoing commitment to return approximately 40 percent of free cash flow to shareholders—a level that we believe strikes an appropriate balance between shareholder returns and investments in our business,” said Donald W. Palette, executive vice president and chief financial officer of Skyworks. “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.”

For a dividend history and other dividend-related data on Skyworks Solutions (SWKS) click here.

You May Also Be Interested In

• Atmus Filtration Technologies (ATMU) Raises Quarterly Dividend 9.1% to $0.06; 0.5% Yield
• Winnebago Industries (WGO) Raises Quarterly Dividend 2.9% to $0.36; 4.4% Yield
• Martin Marietta Materials (MLM) Raises Quarterly Dividend 1.2% to $0.84; 0.6% Yield