Press release
NXP Semiconductors Announces Quarterly Dividend and Additional Share Repurchase Authorization
EINDHOVEN, The Netherlands, Aug. 29, 2024 (GLOBE NEWSWIRE) -- As part of its ongoing capital return program, NXP Semiconductors N.V. (NASDAQ: NXPI) today
About this update from Nxp Semiconductors N.v.
[{"type":"text","content":"EINDHOVEN, The Netherlands, Aug. 29, 2024 (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 additional share repurchase authorization. The actions are based on the continued and significant strength of the NXP capital structure, and the board’s confidence in the company’s ability to drive long-term growth and strong cash flow. The board of directors has approved the payment of an interim dividend of $1.014 per ordinary share for the third quarter of 2024. The interim dividend will be paid in cash on October 9, 2024, to shareholders of record as of September 12, 2024. Additionally, consistent with NXP’s historic policy of returning excess cash flow to shareholders, the board of directors has also approved an additional $2 billion authorization to its existing share repurchase program. The new $2 billion share repurchase authorization is in addition to the approximately $726 million currently remaining for repurchase under the existing share repurchase authorization. Taxation – Cash Dividends Cash dividends will be subject to the deduction of Dutch dividend withholding tax at the rate of 15 percent, which may be reduced in certain circumstances. Non-Dutch resident shareholders, depending on their circumstances, may be entitled to a full or partial refund of Dutch dividend withholding tax. If you are uncertain as to the tax treatment of any dividends, consult your tax advisor. About NXP SemiconductorsNXP Semiconductors N.V. (NASDAQ: NXPI) is the trusted partner for innovative solutions in the automotive, industrial & IoT, mobile, and communications infrastructure markets. NXP's \"Brighter Together\" approach combines leading-edge technology with pioneering people to develop system solutions that make the connected world better, safer, and more secure. The company has operations in more than 30 countries and posted revenue of $13.28 billion in 2023. Find out more at www.nxp.com. Forward-looking StatementsThis document includes forward-looking statements which include statements regarding NXP’s business strategy, financial condition, results of operations, market data, as well as any other statements which are not historical facts. By their nature, forward-looking statements are subje...