NXP Semiconductors (NXPI) Raises Quarterly Dividend 50% to $0.5625; Approves $2 Billion Buyback

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NXP Semiconductors Announces a 50 percent Increase in the Quarterly Dividend and Adoption of 2021 Share Repurchase Program

March 4, 2021 4:15 PM EST

EINDHOVEN, The Netherlands, March 04, 2021 (GLOBE NEWSWIRE) -- As part of its ongoing capital return program, NXP Semiconductors N.V. (NASDAQ: NXPI) today announced that its board of directors has approved the payment of an interim dividend and the adoption of a new 2021 share repurchase authorization. The actions are based on the significant strength of the NXP capital structure, and the boards confidence in the companys ability to drive long-term growth and strong cash flow.

The board of directors has approved the payment of an interim dividend of $0.5625 per ordinary share for the... More