NXP Semiconductors Announces Quarterly Dividend
November 15 2023 - 4:55PM
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. 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 fourth quarter
of 2023. The interim dividend will be paid in cash on January 5,
2023 to shareholders of record as of December 13, 2023.
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) brings together bright minds to create breakthrough
technologies that make the connected world better, safer and more
secure. As a world leader in secure connectivity solutions for
embedded applications, NXP is pushing boundaries in the automotive,
industrial & IoT, mobile, and communication infrastructure
markets while delivering solutions that advance a more sustainable
future. Built on more than 60 years of combined experience and
expertise, the company has approximately 34,500 team members in
more than 30 countries and posted revenue of $13.21 billion in
2022. 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 subject to numerous factors, risks and uncertainties that could
cause actual outcomes and results to be materially different from
those projected. These factors, risks and uncertainties include the
following: market demand and semiconductor industry conditions; our
ability to successfully introduce new technologies and products;
the demand for the goods into which NXP’s products are
incorporated; trade disputes between the U.S. and China, potential
increase of barriers to international trade and resulting
disruptions to NXP's established supply chains; the impact of
government actions and regulations, including restrictions on the
export of US-regulated products and technology; the ability to
generate sufficient cash, raise sufficient capital or refinance
corporate debt at or before maturity to meet both NXP's debt
service and research and development and capital investment
requirements; our ability to accurately estimate demand and match
our production capacity accordingly or obtain supplies from
third-party producers to meet demand; our access to production
capacity from third-party outsourcing partners, and any events that
might affect their business or NXP’s relationship with them; our
ability to secure adequate and timely supply of equipment and
materials from suppliers; our ability to avoid operational problems
and product defects and, if such issues were to arise, to correct
them quickly; our ability to form strategic partnerships and joint
ventures and to successfully cooperate with our alliance partners;
our ability to win competitive bid selection processes; our ability
to develop products for use in customers’ equipment and products;
the ability to successfully hire and retain key management and
senior product engineers; the invasion of Ukraine by Russia and
resulting regional instability, sanctions and any other retaliatory
measures taken against Russia and the continued hostilities, civil
unrest and the armed conflict in the Middle East, which could
adversely impact the global supply chain, disrupt our operations or
negatively impact the demand for our products in our primary end
markets; and, the ability to maintain good relationships with NXP's
suppliers. In case tax laws change, this could have an effect on
our estimated effective tax rates. In addition, this document
contains information concerning the semiconductor industry and
NXP’s market and business segments generally, which is
forward-looking in nature and is based on a variety of assumptions
regarding the ways in which the semiconductor industry and NXP's
market and business segments may develop. NXP has based these
assumptions on information currently available, if any one or more
of these assumptions turn out to be incorrect, actual results may
differ from those predicted. While NXP does not know what impact
any such differences may have on its business, if there are such
differences, its future results of operations and its financial
condition could be materially adversely affected. Readers are
cautioned not to place undue reliance on these forward-looking
statements, which speak to results only as of the date the
statements were made. Except for any ongoing obligation to disclose
material information as required by the United States federal
securities laws, NXP does not have any intention or obligation to
publicly update or revise any forward-looking statements after we
distribute this document, whether to reflect any future events or
circumstances or otherwise. For a discussion of potential risks and
uncertainties, please refer to the risk factors listed in our SEC
filings. Copies of our SEC filings are available on our Investor
Relations website, www.nxp.com/investor or from the SEC website,
www.sec.gov.
For further information, please contact:
Investors: |
Media: |
Jeff Palmer |
Jacey Zuniga |
jeff.palmer@nxp.com |
jacey.zuniga@nxp.com |
+1 408 518 5411 |
+1 512 895 7398 |
|
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