Himax Technologies (HIMX) Declares $0.1 Annual Dividend; 1.2% Yield

Himax Technologies (NASDAQ: HIMX) declared an annual dividend of $0.1 per share, or $0.1 annualized.

The dividend will be payable on July 31, 2018, to stockholders of record on July 19, 2018, with an ex-dividend date of July 18, 2018.

The annual yield on the dividend is 1.2 percent.

"Since our IPO in 2006, we have remained committed to a dividend policy," said Mr. Jordan Wu, President and Chief Executive Officer of Himax Technologies, Inc. "This year's dividend represents a payout ratio of 61.7% based on our fiscal year 2017 profit. The high payout ratio demonstrates our continued support of our shareholder base and strong confidence in the outlook for 2018 and beyond. As reported in the last few earnings calls, we are investing a total of $105 million of the Phase I capital expenditure for new building’s construction, WLO capacity expansion and installation of active alignment equipment to support our 3D sensing business. Our decision for the high dividend payout ratio, notwithstanding the high capital expenditure this year, reflects our confidence on the healthy balance sheet, cash flow and the strong return expected of such expansion."

For a dividend history and other dividend-related data on Himax Technologies (HIMX) click here.

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