Himax Technologies, Inc. Declares Cash Dividend for FY2021

Rhea-AI Summary

Himax Technologies has declared a cash dividend of $1.25 per ADS for the fiscal year 2021, payable on July 12, 2022. This equates to 62.5 cents per ordinary share. Shareholders of record by June 30, 2022 will be eligible for this payout. The payout represents a 50% ratio of the last year's net profit, marking a lower distribution compared to historical averages, reflecting the company's aim to maintain working capital amidst macroeconomic uncertainties and support anticipated growth.

Positive

• Declared a cash dividend of $1.25 per ADS, equating to 62.5 cents per ordinary share.
• Payout ratio of 50% of net profit indicates company profitability.
• Dividend payment reflects commitment to shareholder returns since IPO.

Negative

• Lower payout ratio compared to historical averages indicates conservative financial management.
• Retaining more earnings may signal uncertainty in future market conditions.

$1.25 per ADS payable on July 12, 2022

TAINAN, Taiwan, May 12, 2022 (GLOBE NEWSWIRE) -- Himax Technologies, Inc. (Nasdaq: HIMX) (“Himax” or “Company”), a leading supplier and fabless manufacturer of display drivers and other semiconductor products, today declared a cash dividend of $1.25 per ADS, equivalent to 62.5 cents per ordinary share, for the year of 2021.

The cash dividend will be payable on July 12, 2022 to all the shareholders of record as of June 30, 2022. The ADS book will be closed for issuance and cancellation from June 23, 2022 to June 30, 2022. Typically, Himax pays out its yearly dividend at approximately the middle of its current calendar year based on the Company's previous year financial performance.

“Since our IPO in 2006, we have remained committed to a dividend policy to reward shareholders for their ongoing commitment,” said Mr. Jordan Wu, President and Chief Executive Officer of Himax Technologies, Inc. “Based on our record 2021 profit, we are pleased to announce the annual cash dividend of $1.25 per ADS. The payout ratio is 50% of net profit of last year, which is lower than our average payout ratio historically. The relatively low payout ratio reflects our decision to reserve sufficient working capital in the light of macroeconomic uncertainty and to facilitate our anticipated growth for the next few years. We are grateful for the continued support of our shareholders as we continue to execute on our business objectives and strive to deliver sustainable long-term growth.”

About Himax Technologies, Inc.

Himax Technologies, Inc. (NASDAQ: HIMX) is a fabless semiconductor solution provider dedicated to display imaging processing technologies. Himax is a worldwide market leader in display driver ICs and timing controllers used in TVs, laptops, monitors, mobile phones, tablets, automotive, digital cameras, car navigation, virtual reality (VR) devices and many other consumer electronics devices. Additionally, Himax designs and provides controllers for touch sensor displays, in-cell Touch and Display Driver Integration (TDDI) single-chip solutions, OLED ICs, LED driver ICs, power management ICs and LCoS micro-displays for augmented reality (AR) devices and heads-up displays (HUD) for automotive. The Company also offers CMOS image sensors, wafer level optics for AR devices, 3D sensing and ultralow power AI image sensing, which are used in a wide variety of applications such as mobile phone, tablet, laptop, TV, PC camera, automobile, security, medical device, home appliance, AIoT, etc. Founded in 2001 and headquartered in Tainan, Taiwan, Himax currently employs around 2,100 people from three Taiwan-based offices in Tainan, Hsinchu and Taipei and country offices in China, Korea, Japan, Israel, and the US. Himax has 3,009 patents granted and 456 patents pending approval worldwide as of March 31, 2022. Himax has retained its position as the leading display imaging processing semiconductor solution provider to consumer electronics brands worldwide.

http://www.himax.com.tw

Forward Looking Statements

Factors that could cause actual events or results to differ materially from those described in this conference call include, but are not limited to, the effect of the Covid-19 pandemic on the Company’s business; general business and economic conditions and the state of the semiconductor industry; market acceptance and competitiveness of the driver and non-driver products developed by the Company; demand for end-use applications products; reliance on a small group of principal customers; the uncertainty of continued success in technological innovations; our ability to develop and protect our intellectual property; pricing pressures including declines in average selling prices; changes in customer order patterns; changes in estimated full-year effective tax rate; shortage in supply of key components; changes in environmental laws and regulations; changes in export license regulated by Export Administration Regulations (EAR); exchange rate fluctuations; regulatory approvals for further investments in our subsidiaries; our ability to collect accounts receivable and manage inventory and other risks described from time to time in the Company's SEC filings, including those risks identified in the section entitled "Risk Factors" in its Form 20-F for the year ended December 31, 2021 filed with the SEC, as may be amended.

Company Contacts:

Eric Li, Chief IR/PR Officer
Himax Technologies, Inc.
Tel: +886-6-505-0880
Fax: +886-2-2314-0877
Email: hx_ir@himax.com.tw
www.himax.com.tw

Karen Tiao, Investor Relations
Himax Technologies, Inc.
Tel: +886-2-2370-3999
Fax: +886-2-2314-0877
Email: hx_ir@himax.com.tw
www.himax.com.tw

Mark Schwalenberg, Director
Investor Relations - US Representative
MZ North America
Tel: +1-312-261-6430
Email: HIMX@mzgroup.us
www.mzgroup.us

FAQ

What is the HIMX dividend amount for 2021?

The HIMX dividend amount for 2021 is $1.25 per ADS.

When is the HIMX dividend payable?

The HIMX dividend is payable on July 12, 2022.

What is the record date for HIMX's dividend?

The record date for HIMX's dividend is June 30, 2022.

What is the payout ratio of HIMX's dividend?

The payout ratio for HIMX's dividend is 50% of net profit for the last year.

Is the HIMX dividend sustainable?

While HIMX maintains a dividend policy, the lower payout ratio suggests a cautious approach to future distributions.