HIMX (1.88) announces dividend of $0.063 per ADS -
TAINAN, Taiwan, June 11, 2012 (GLOBE NEWSWIRE) -- Himax Technologies, Inc. ("Himax" or "Company") (Nasdaq:HIMX), a leading supplier and fabless manufacturer of display drivers and other semiconductor products, today declared a cash dividend of 6.30 cents per ADS, or 3.15 cents per ordinary share, for the year of 2011.
The cash dividend is expected to be paid on July 25, 2012 to shareholders of record as of July 13, 2012. The ADS book will be closed for issuance and cancellation from July 6, 2012 to July 13, 2012. Himax's 2012 dividend is based on its performance for FY2011. Typically, Himax pays out its yearly dividend at approximately the middle of its current calendar year based on the Company's previous year's financial performance.
"Since our IPO in 2006, we have remained committed to a dividend policy," began Mr. Jordan Wu, President and Chief Executive Officer of Himax Technologies, Inc. "The Himax dividend is based on our prior year's profitability. The payout ratio and yield of our dividend is compared to those of other dividend paying companies in our sector. We believe this year's dividend payout demonstrates our strong confidence in the positive business outlook and profitability in 2012."