Advanced Energy Declares Quarterly Cash Dividend

Rhea-AI Summary

Advanced Energy Industries, Inc. (NASDAQ: AEIS) has declared a quarterly cash dividend of $0.10 per share. This dividend is set to be paid on March 3, 2023, to shareholders on record as of February 20, 2023. The company emphasizes that future dividend announcements will require board approval. Advanced Energy is recognized as a global leader in precision power conversion solutions, supporting various industries including semiconductor equipment and medical sciences.

Positive

• Quarterly cash dividend of $0.10 per share enhances shareholder value.
• Strong market position in precision power solutions supports future growth.

Negative

• None.

DENVER--(BUSINESS WIRE)-- 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 authorized a quarterly cash dividend of $0.10 per share, payable on March 3, 2023 to shareholders of record as of February 20, 2023.

Future dividend declarations, as well as the record and payment dates for such dividends, are subject to review and approval by the board of directors.

About Advanced Energy

Advanced Energy Industries, Inc. (Nasdaq: AEIS) is a global leader in the design and manufacture of highly engineered, precision power conversion, measurement and control solutions for mission-critical applications and processes. Advanced Energy’s power solutions enable customer innovation in complex applications for a wide range of industries including semiconductor equipment, industrial production, medical and life sciences, data center computing, networking and telecommunications. With engineering know-how and responsive service and support for customers around the globe, the company builds collaborative partnerships to meet technology advances, propels growth of its customers and innovates the future of power. Advanced Energy has devoted four decades to perfecting power. It is headquartered in Denver, Colorado, USA.

For more information, visit www.advancedenergy.com.

Advanced Energy | Precision. Power. Performance. Trust.

View source version on businesswire.com: https://www.businesswire.com/news/home/20230203005098/en/

Andrew Huang

Advanced Energy Industries, Inc.

970-407-6555

ir@aei.com

Source: Advanced Energy Industries, Inc.

FAQ

What is the dividend amount announced by AEIS?

The dividend amount announced by Advanced Energy Industries, Inc. is $0.10 per share.

When will AEIS pay the declared dividend?

The declared dividend will be paid on March 3, 2023.

What is the record date for AEIS's dividend payment?

The record date for the dividend payment is February 20, 2023.

How often does AEIS declare dividends?

Dividends are declared quarterly, subject to board review and approval.