GENEVA--(Marketwired - Apr 22, 2013) - STMicroelectronics (NYSE: STM), a global semiconductor leader serving customers across the spectrum of electronics applications, has announced that its Supervisory Board has approved the Managing Board proposal to the forthcoming 2013 Annual General Meeting (AGM) of Shareholders to resolve on the distribution of a cash dividend of US$0.10 for the second quarter, and of US$0.10 for the third quarter, per outstanding share of the Company's common stock to be paid in June and September of 2013, respectively. The amount of the proposed second and third quarter of 2013 cash dividend is stable with respect to previous quarterly dividend distribution.
Furthermore, while ST's dividend distribution is currently decided on an annual basis by the AGM, upon the proposal of the Supervisory Board, and associated payments are made in four equal quarterly installments, the quarterly dividend distribution will be decided semi-annually instead of annually.
This change will better align to the industry practice, bringing greater flexibility to ST to achieve its goal of using available cash to enhance its position in the market, while at the same time managing its cash resources to continue to reward its shareholders for their trust in the Company.
The fourth quarter 2013 and first quarter 2014 dividends will be decided at a Shareholders Meeting to be held during the fourth quarter of 2013.
ST is a global leader in the semiconductor market serving customers across the spectrum of sense and power and automotive products and embedded processing solutions. From energy management and savings to trust and data security, from healthcare and wellness to smart consumer devices, in the home, car and office, at work and at play, ST is found everywhere microelectronics make a positive and innovative contribution to people's life. By getting more from technology to get more from life, ST stands for life.augmented.
In 2012, the Company's net revenues were $8.49 billion. Further information on ST can be found at www.st.com
ST dividend Q2 and Q3 and new dividend policy