0
General

STMicroelectronics lowers dividend on economic uncertainty

Wednesday 22 April 2020 | 10:00 CET | News
STMicroelectronics plans to cut its dividend for 2019, due to the growing economic uncertainty caused by the Covid-19 outbreak. The company plans pay out USD 0.168 per share rather than the initial proposal of USD 0.24. The company said it will reconsider the matter in September, when it may increase the pay-out back up to USD 0.24 per share.

Thank you for visiting Telecompaper

Sign up below to get access to the rest of this article and all the telecom news you need.

  • Register free and gain access to even more articles from Telecompaper. Register here
  • Subscribe and get unlimited access to Telecompaper’s full coverage, with a customised choice of news, commentary, research and alerts.

Subscriptions

Already registered?



Free Headlines in your E-mail

Every day we send out a free e-mail with the most important headlines of the last 24 hours.

Subscribe now

Categories: General
Companies: STMicroelectronics
Countries: World
::: add a comment
This article is part of dossier

Coronavirus


Add comment

We welcome comments that add value to the discussion. We attempt to block comments that use offensive language or appear to be spam, and our editors frequently review the comments to ensure they are appropriate. If you see a comment that you believe is inappropriate to the discussion, you can bring it to our attention by using the report abuse links. As the comments are written and submitted by visitors of the Telecompaper website, they in no way represent the opinion of Telecompaper.


Related

STMicroelectronics unveils 550MHz embedded-Flash MCUs

Published 30 Sep 2020 09:01 CET | World
STMicroelectronics (ST) has launched of a new series of high-speed STM32 microcontrollers (MCUs) with embedded Flash that are ...

STMicroelectronics maintains lower dividend

Published 24 Sep 2020 08:55 CET | World
STMicroelectronics announced it is maintaining its annual dividend at the lower level of USD 0.168 per share, due to the economic ...

STMicroelectronics forecasts better H2 after drop in Q2 results

Published 23 Jul 2020 09:45 CET | World
STMicroelectronics has forecast a better second half of the year, after reporting lower results for the second quarter. Revenues ...

STMicroelectronics joins Silicon Catalyst Ecosystem

Published 09 Jun 2020 09:49 CET | World
Silicon Catalyst and STMicroelectronics jointly announced that ST joined Silicon Catalyst as both a Strategic and In-Kind ...

STMicroelectronics forecasts drop in Q2 revenue as demand softens

Published 22 Apr 2020 10:27 CET | World
STMicroelectronics reported first-quarter revenues of USD 2.23 billion, up 7.5 percent from a year earlier and at the low end of ...

Vivendi keeps dividend, appoints Laurent Dassault to supervisory board

Published 21 Apr 2020 10:09 CET | World
Vivendi said that its shareholders approved the payment of an ordinary dividend of EUR 0.60 per share for the 2019 financial ...

Tele2 drops extra dividend in order to conserve cash

Published 21 Apr 2020 09:19 CET | Europe
Tele2 has abandoned plans to pay an extraordinary dividend from its 2019 results, saying it's better to conserve cash due to the ...

A3 reduces dividend proposal

Published 20 Apr 2020 12:26 CET | Sweden
Swedish IT and telecoms provider A3 said the currently unstable market has led its board to cut its dividend proposal for 2019 as ...

Fnac Darty posts Q1 revenue drop, cancels 2019 div, agrees EUR 500 mln loan

Published 20 Apr 2020 11:47 CET | Europe
Retail group Fnac Darty generated first-quarter revenues of EUR 1.49 billion, down 10.3 percent year-on-year on a like-for-like ...

Orange announces cut to 2019 dividend due to Covid-19

Published 17 Apr 2020 10:50 CET | France
Orange said its board of directors has proposed to cut the 2019 dividend in response to the Covid-19 crisis, from EUR 0.70 to EUR ...

Sopra Steria suspends guidance for 2020, cancels 2019 dividend due to Covid-19

Published 10 Apr 2020 10:06 CET | World
IT services group Sopra Steria is suspending the 2020 financial guidance published in February due to ongoing uncertainty caused ...

Eutelsat sees marginal revenue impact from Covid-19 pandemic, plans 30% dividend cut

Published 10 Apr 2020 09:56 CET | World
Satellite operator Eutelsat trimmed its full-year revenue outlook due to the Covid-19 crisis. Its operating verticals are now ...





Calendar   /   Industry Events

23 Feb MWC Shanghai
23 Feb European 5G Conference
25 Feb MTN Nigeria Q4 2020
25 Feb Freenet Q4 2020
25 Feb Telefonica Q4 2020
25 Feb Consolidated Communications Q4 2020
25 Feb American Tower Q4 2020
25 Feb Neophotonics Q4 2020
25 Feb Cogent Communications Q4 2020
25 Feb Cable One Q3
25 Feb VMware Q4
25 Feb TPG Telecom FY results
25 Feb PCTel Q4 2020
25 Feb Dell Technologies Q4 2020
25 Feb Shentel Q4 2020
25 Feb Axiata Q4 2020
25 Feb Twitter analysts day
25 Feb Akamai analysts meeting
26 Feb HTHK FY results
26 Feb Deutsche Telekom Q4 2020
26 Feb Tecnotree Q4 2020
26 Feb Proximus Q4 2020
26 Feb OTE Q4 2020 2020
26 Feb Megacable Q4
01 Mar Inseego Q4
01 Mar Liberty LatAm Q4 results
01 Mar Ooma Q4
01 Mar Zoom Video Communications Q4
01 Mar TIM Brasil investors day
01 Mar Embedded World Digital
::: More Calendar Items