STMicroelectronics Updates on Supervisory Board Decision On Dividend

Rhea-AI Summary

STMicroelectronics (NYSE: STM) has confirmed a cash dividend of US$0.168 per share, originally approved on June 17, 2020, despite the challenges posed by the COVID-19 pandemic. This decision reflects the company's commitment to shareholder returns amidst a turbulent economic landscape. The dividend will be distributed as part of the company's strategy to maintain investor confidence and support stakeholders during these unprecedented times.

Positive

• Maintained cash dividend of US$0.168 per share, supporting investor confidence.

Negative

• None.

PR N°C2969C

STMicroelectronics Updates on Supervisory Board Decision On Dividend

Geneva, September 23, 2020 - STMicroelectronics (NYSE: STM), a global semiconductor leader serving customers across the spectrum of electronics applications, reported an update on its cash dividend distribution.

In light of the current global societal and economic environment caused by the COVID-19 outbreak, the STMicroelectronics NV Supervisory Board has decided to maintain the distribution of a cash dividend of US$0.168 per outstanding share of the Company’s common stock, as approved by the Annual General Meeting of Shareholders on June 17, 2020.

About STMicroelectronics
At ST, we are 46,000 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 our 100,000 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. 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

• C2969C - Dividend update - Final for publication

FAQ

What is the STM cash dividend amount?

STMicroelectronics has declared a cash dividend of US$0.168 per share.

When was the STM dividend approved?

The cash dividend was approved on June 17, 2020.

What is the reason for STM maintaining its dividend?

The decision to maintain the dividend is aimed at bolstering investor confidence during the COVID-19 pandemic.

How often does STM pay dividends?

STMicroelectronics typically pays dividends annually, as per shareholder approvals.

Is the STM dividend sustainable during economic downturns?

The sustainability of the STM dividend may depend on future financial performance and market conditions.