NXP Semiconductors N.V.
announced that its board of directors has approved the initiation of a dividend program under which the company will pay a regular quarterly cash dividend. The initial interim dividend for the fourth quarter of 2018 will be $0.25 per ordinary share. The interim dividend will be paid on Oct. 5, 2018 to shareholders of record as of Sept. 25, 2018.
“The decision by the board to initiate a dividend represents a meaningful milestone in our history and demonstrates confidence in our strong operating performance, significant free cash flow generation and positive long-term financial outlook,” said Richard Clemmer, NXP CEO.