Vishay Intertechnology Declares Quarterly Dividend

Rhea-AI Summary

Vishay Intertechnology, Inc. (NYSE:VSH) announced a dividend of $0.095 per share for common and Class B common stocks, payable on June 25, 2020, to shareholders of record as of June 12, 2020. Future dividends will require Board approval. Vishay is a leading manufacturer of discrete semiconductors and passive components, servicing multiple industries including automotive and telecommunications.

Positive

• Declared a dividend of $0.095 per share, boosting shareholder income.
• Continuing dividend payments demonstrate company confidence.

Negative

• Future dividends subject to Board approval, introducing uncertainty.
• Risks associated with COVID-19 impacting business operations.

MALVERN, Pa., May 20, 2020 (GLOBE NEWSWIRE) -- Vishay Intertechnology, Inc. (NYSE:VSH), one of the world's largest manufacturers of discrete semiconductors and passive components, announced today that the Company’s Board of Directors declared a dividend of $0.095 per share of common stock and Class B common stock to be paid June 25, 2020 to stockholders of record as of the close of business on June 12, 2020. Future dividends will be subject to Board approval.

About Vishay

Vishay Intertechnology, Inc., a Fortune 1000 Company listed on the NYSE (VSH), is one of the world's largest manufacturers of discrete semiconductors (diodes, MOSFETs, and infrared optoelectronics) and passive electronic components (resistors, inductors, and capacitors). These components are used in virtually all types of electronic devices and equipment, in the industrial, computing, automotive, consumer, telecommunications, military, aerospace, power supplies, and medical markets. Vishay’s product innovations, successful acquisition strategy, and "one-stop shop" service have made it a global industry leader. Vishay can be found on the Internet at http://www.vishay.com.

Forward-Looking Statements

Statements contained herein that relate to the Company's future cash dividends on its common stock and Class B common stock are forward-looking statements within the safe harbor provisions of Private Securities Litigation Reform Act of 1995. Words such as "to be,” “will be”, or other similar words or expressions often identify forward-looking statements. Such statements are based on current expectations only, and are subject to certain risks, uncertainties and assumptions, many of which are beyond our control. Should one or more of these risks or uncertainties materialize, or should underlying assumptions prove incorrect, actual results, performance, or achievements may vary materially from those anticipated, estimated or projected. Among the factors that could cause actual results to materially differ include: general business and economic conditions; manufacturing or supply chain interruptions or changes in customer demands because of COVID-19 or similar diseases; delays or difficulties in implementing our cost reduction strategies; delays or difficulties in expanding our manufacturing capacities; an inability to attract and retain highly qualified personnel; changes in foreign currency exchange rates; uncertainty related to the effects of changes in foreign currency exchange rates; competition and technological changes in our industries; difficulties in new product development; difficulties in identifying suitable acquisition candidates, consummating a transaction on terms which we consider acceptable, and integration and performance of acquired businesses; changes in U.S. and foreign trade regulations and tariffs, and uncertainty regarding the same; changes in applicable domestic and foreign tax regulations, and uncertainty regarding the same; changes in applicable accounting standards and other factors affecting our operations that are set forth in our filings with the Securities and Exchange Commission, including our annual reports on Form 10-K and our quarterly reports on Form 10-Q. We undertake no obligation to publicly update or revise any forward-looking statements, whether as a result of new information, future events or otherwise.

Vishay Intertechnology, Inc.
Peter Henrici
Senior Vice President, Corporate Communications
+1-610-644-1300

VSH - Financial

Source: Vishay Intertechnology, Inc.

FAQ

What is the dividend amount declared by VSH for June 2020?

Vishay declared a dividend of $0.095 per share.

When is the dividend for VSH scheduled to be paid?

The dividend is scheduled to be paid on June 25, 2020.

What date is the record for VSH shareholders to receive the dividend?

Shareholders must be on record by the close of business on June 12, 2020.

Are future dividends guaranteed for VSH?

Future dividends will be subject to Board approval.

What markets does VSH operate in?

Vishay operates in automotive, telecommunications, medical, and various other sectors.