IXYS Corp (IXYS) Raises Quarterly Dividend 14.3% to $0.04; Approves 1M Common Stock Buyback

IXYS Corp (NASDAQ: IXYS) declared a quarterly dividend of $0.04 per share, or $0.16 annualized. This is a 14.3% increase from the prior dividend of $0.035.

The dividend will be payable on September 28, 2015, to stockholders of record on September 14, 2015, with an ex-dividend date of September 10, 2015.

The annual yield on the dividend is 1.4 percent.

IXYS’ Board of Directors also authorized a new stock repurchase program of up to 1,000,000 shares of its common stock, or approximately 3% of the Company’s approximately 32 million shares of common stock currently outstanding. The repurchases can be made from time to time on the open market at prevailing market prices or in negotiated transactions off the market through block trades or otherwise. The timing and amount of such repurchases will depend on market conditions.

For a dividend history and other dividend-related data on IXYS Corp (IXYS) click here.

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