STMicroelectronics Announces Publication of IFRS 2021 Annual Report And Dividend Proposal

Rhea-AI Summary

STMicroelectronics (NYSE: STM) has published its IFRS 2021 Annual Report, detailing a cash dividend proposal of US$ 0.24 per share. The dividend will be distributed in quarterly installments of US$ 0.06 starting in Q2 2022 and continuing through Q1 2023. Key ex-dividend dates include June 20, 2022 for Q2 and September 19, 2022 for Q3. The report is available on their website and was filed with the Netherlands Authority for the Financial Markets. The company is committed to becoming carbon neutral by 2027.

Positive

• Cash dividend of US$ 0.24 per share enhances shareholder income.
• Quarterly dividend payments indicate strong cash flow management.

Negative

• None.

Amsterdam (Netherlands), March 24, 2022 – STMicroelectronics (NYSE: STM), a global semiconductor leader serving customers across the spectrum of electronics applications, published today its IFRS 2021 Annual Report for the twelve-month period ended December 31, 2021 on its website, and filed it with the Netherlands Authority for the Financial Markets (AFM). The Annual Report, prepared in accordance with International Financial Reporting Standards (IFRS-EU) and a complete audited financial statement, is now available on www.st.com, and will be available on www.afm.nl. A hard copy version of the Annual Report will be available free of charge from ST’s Investor Relations Department: +41 22 929 5920 or www.investors.st.com.

The Supervisory Board has decided to propose at the Company’s 2022 Annual General Meeting of Shareholders the distribution of a cash dividend of US$ 0.24 per outstanding share of the Company’s common stock, to be distributed in quarterly installments of US$ 0.06 in each of the second, third and fourth quarters of 2022 and first quarter of 2023 to shareholders of record in the month of each quarterly payment as per the table below.

						Transfer between New York and Dutch registered shares restricted:
Quarter	Ex-dividend Date	Global Record Date	Payment Date in Europe	NYSE Payment Date: on or after		From End of Business in Europe on:	Until Open of Business in NY on:
Q2 2022	20-Jun-22	21-Jun-22	22-Jun-22	28-Jun-22		20-Jun-22	22-Jun-22
Q3 2022	19-Sep-22	20-Sep-22	21-Sep-22	27-Sep-22		19-Sep-22	21-Sep-22
Q4 2022	12-Dec-22	13-Dec-22	14-Dec-22	20-Dec-22		12-Dec-22	14-Dec-22
Q1 2023	20-Mar-23	21-Mar-23	22-Mar-23	28-Mar-23		20-Mar-23	22-Mar-23

The Company will publish information regarding its 2022 Annual General Meeting of Shareholders in due course.

About STMicroelectronics
At ST, we are 48,000 creators and makers of semiconductor technologies mastering the semiconductor supply chain with state-of-the-art manufacturing facilities. An independent device manufacturer, we work with more than 200,000 customers and thousands of partners to design and build products, solutions, and ecosystems that address their challenges and opportunities, and the need to support a more sustainable world. Our technologies enable smarter mobility, more efficient power and energy management, and the wide-scale deployment of the Internet of Things and 5G technology. ST is committed to becoming carbon neutral by 2027. Further information can be found at www.st.com.

For further information, please contact:

INVESTOR RELATIONS:
Céline Berthier
Group VP, Investor Relations
Tel: +41.22.929.58.12
celine.berthier@st.com

MEDIA RELATIONS:
Alexis Breton        
Corporate External Communications
Tel: + 33.6.59.16.79.08
alexis.breton@st.com

 

Attachment

• C3078C -- Mar 24 2022 -- ST 2021 IFRS Annual Report and Dividend Proposal_FINAL

FAQ

What is the cash dividend amount proposed by STMicroelectronics for 2022?

STMicroelectronics proposed a cash dividend of US$ 0.24 per share for 2022.

When will STMicroelectronics distribute its dividend?

The dividend will be distributed in quarterly installments of US$ 0.06 starting from Q2 2022 until Q1 2023.

What are the ex-dividend dates for STMicroelectronics in 2022?

Ex-dividend dates are June 20, September 19, December 12, and March 20, 2023.

Is STMicroelectronics' dividend sustainable?

The company has indicated strong financial metrics and cash flow management, suggesting dividend sustainability.

When can shareholders expect payments for the dividend?

Shareholders of record will receive payments on specific dates following the ex-dividend dates, starting from June 22, 2022.