Advanced Energy Announces Initiation of Quarterly Dividend Program

Rhea-AI Summary

Advanced Energy Industries, Inc. (NASDAQ: AEIS) has announced the initiation of a cash dividend program, starting from the first quarter of 2021, with a planned regular quarterly dividend of $0.10 per share. This decision reflects the Board's confidence in the company's strategy and its commitment to enhancing shareholder value. Future dividends will depend on Board approval. AEIS specializes in precision power conversion and control solutions across various industries, positioning itself as a leader in innovation and customer collaboration.

Positive

• Initiation of a quarterly cash dividend of $0.10 per share.
• Demonstrates the Board's confidence in the company's strategy.
• Commitment to returning capital to shareholders.

Negative

• None.

Advanced Energy Industries, Inc. (NASDAQ: AEIS), a global leader in highly engineered, precision power conversion, measurement and control solutions, today announced that its Board of Directors has approved the initiation of a cash dividend program under which we intend to pay a regular quarterly dividend of $0.10 per share, starting in the first quarter of 2021. Future dividend payments are subject to approval by the Board of Directors.

“I am pleased to announce the Board’s decision to authorize a regular quarterly cash dividend,” said President & CEO Yuval Wasserman. "We believe the initiation of a quarterly cash dividend program demonstrates confidence in our strategy and our commitment to consistently return capital to shareholders and enhance shareholder value."

About Advanced Energy

Advanced Energy (Nasdaq: AEIS) is a global leader in the design and manufacturing of highly engineered, precision power conversion, measurement and control solutions for mission-critical applications and processes. AE’s power solutions enable customer innovation in complex applications for a wide range of industries including semiconductor equipment, industrial, manufacturing, telecommunications, data center computing and healthcare. With engineering know-how and responsive service and support around the globe, the company builds collaborative partnerships to meet technology advances, propel growth for its customers and innovate the future of power. Advanced Energy has devoted more than three decades to perfecting power for its global customers and is headquartered in Denver, Colorado, USA. For more information, visit www.advancedenergy.com.

Advanced Energy | Precision. Power. Performance.

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FAQ

What is the dividend amount announced by AEIS?

Advanced Energy Industries has announced a quarterly dividend of $0.10 per share.

When will AEIS start paying dividends?

AEIS intends to start paying dividends in the first quarter of 2021.

Is the dividend payment by AEIS guaranteed?

Future dividend payments are subject to approval by the Board of Directors.

What does the dividend program indicate about AEIS's financial health?

The initiation of the dividend program reflects the Board's confidence in AEIS's strategic direction and financial stability.