GENEVA, Sept. 20, 2013 (GLOBE NEWSWIRE) -- STMicroelectronics (NYSE:STM), a global semiconductor leader serving customers across the spectrum of electronics applications, has announced that, upon the recommendation of the Managing Board, its Supervisory Board will propose to a forthcoming Extraordinary General Meeting of Shareholders, to resolve on the distribution of a cash dividend of US$0.10 for the fourth quarter of 2013, and of US$0.10 for the first quarter of 2014, per outstanding share of the Company's common stock.
The amount of the proposed fourth quarter of 2013 and first quarter of 2014 cash dividend is stable with respect to the previous quarterly dividend distribution.The proposed dividend equals a 4.2% annualized yield on the Company's share price at closing on September 19, 2013 on the NYSE.
The Extraordinary General Meeting of Shareholders will be held on December 2, 2013 in Schiphol, The Netherlands.
About STMicroelectronics
ST is a global leader in the semiconductor market serving customers across the spectrum of sense and power and automotive products and embedded processing solutions. From energy management and savings to trust and data security, from healthcare and wellness to smart consumer devices, in the home, car and office, at work and at play, ST is found everywhere microelectronics make a positive and innovative contribution to people's life. By getting more from technology to get more from life, ST stands for life.augmented.
In 2012, the Company's net revenues were $8.49 billion. Further information on ST can be found at www.st.com
Dividend proposed at EGM: http://hugin.info/152740/R/1730585/578383.pdf