Himax Raises Annual Dividend
Jun 17th 2013 2:56PM
Updated Jun 17th 2013 4:10PM
Himax Technologies is rewarding its shareholders with a dividend increase.
The company on Monday declared an annual payout from its 2012 results of $0.25 per American depositary share to be paid July 31 to shareholders of record as of July 19. That $0.25 is nearly four times Himax's previous distribution of $0.063 per share, which was paid last June.
The dividend boost is "due to significant profitability improvement in 2012," the company said in the press release. For the year, net revenues advanced by 16% over 2011's figure to $737 million, while GAAP net income increased almost four-fold to $51 million.
The just-declared dividend yields 4.4% at Himax's current ADS price of $5.67. The company will be paying out $0.125 per ordinary share for the 2012 year.
The article Himax Raises Annual Dividend originally appeared on Fool.com.Fool contributor Eric Volkman has no position in Himax Technologies. Nor does The Motley Fool. Try any of our Foolish newsletter services free for 30 days. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.