Himax Technologies Declared an Annual Cash Dividend of $0.29/ADS
Portfolio Pulse from Benzinga Newsdesk
Himax Technologies announced an annual cash dividend of $0.29 per ADS, totaling $51 million, payable on July 12, 2024. This dividend represents a payout ratio of 100% of the previous year's profit.
May 09, 2024 | 9:34 am
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Himax Technologies declared an annual cash dividend of $0.29 per ADS, with a total payout of $51 million, representing a 100% payout ratio of the previous year's profit.
The announcement of a 100% payout ratio dividend is a strong signal of financial health and commitment to returning value to shareholders. This is likely to be viewed positively by the market, potentially leading to a short-term increase in stock price as investors may buy in to capture the dividend.
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IMPORTANCE 90
RELEVANCE 100