3 March 2014

Skyworks to initiate quarterly dividend program following strong cash flow generation

Skyworks Solutions Inc of Woburn, MA, USA (which makes analog and mixed-signal semiconductors) says that its board of directors has adopted a dividend policy pursuant to which the firm intends to pay quarterly cash dividends on its common stock.

Subject to declaration by the board, Skyworks plans to initiate a quarterly dividend of $0.11 per share sometime within its fiscal third-quarter 2014 (which begins on 1 April).

“Skyworks has emerged as one of the world’s largest suppliers of high-performance analog solutions and, as a result, we have continued to strengthen our business model and financial returns,” says VP & chief financial officer Donald W. Palette. “Initiating a dividend, coupled with our existing stock repurchase program, enables us to return additional free cash flow to shareholders,” he adds. “Most importantly, our stock repurchase program and dividend plans reflect that we are extremely confident in our future and expect strong top- and bottom-line growth going forward.”

See related items:

Skyworks quarterly revenue grows more-than-expected 6% to $505m

Tags: Skyworks

Visit: www.skyworksinc.com