DGAP-News: Infineon Technologies AG / Key word(s): Dividend
Infineon Technologies AG: Infineon's Supervisory Board and Management
Board propose a 20 percent dividend increase to the Annual General
Meeting to Euro 0.12 per share
23.11.2011 / 09:00
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Infineon's Supervisory Board and Management Board propose a 20 percent
dividend increase to the Annual General Meeting to Euro 0.12 per share
Neubiberg, November 23, 2011 - The Supervisory Board of Infineon
Technologies AG yesterday decided to follow the recommendation of the
Management Board and to propose to the upcoming Annual General Meeting a 20
percent dividend increase to Euro 0.12 per qualifying ordinary share.
'The aim of our dividend strategy is to pay our shareholders a sustainable
dividend throughout the market cycle and thus enable them to participate
continuously in our company's success,' said Peter Bauer, Chief Executive
Officer of Infineon Technologies AG. 'Our shareholders will also benefit
from further share and bond buybacks. In addition to the dividend payments
we will commit a further total of up to Euro 208 million between October
2011 and March 2013 as part of a capital returns program, which is already
underway.'
The 2011 fiscal year saw Infineon pay a dividend again for the first time
in ten years. The Annual General Meeting of February 17, 2011 resolved to
pay a dividend of Euro 0.10 per share for the 2010 fiscal year, amounting
to a total dividend sum of Euro 109 million. If the upcoming Annual General
Meeting of March 8, 2012 approves the proposal of a Euro 0.12 dividend per
qualifying ordinary share, this would correspond to an anticipated total
dividend sum of around Euro 130 million. The final dividend payout amount
depends on the number of qualifying shares. As of November 21, 2011 there
were 1,081 million qualifying shares; however further share buybacks up to
the payout date could reduce this number further.
About Infineon
Infineon Technologies AG, Neubiberg, Germany, offers semiconductor and
system solutions addressing three central challenges to modern society:
energy efficiency, mobility, and security. In the 2011 fiscal year (ending
September 30), the company reported sales of Euro 4.0 billion with close to
26 thousand employees worldwide. Infineon is listed on the Frankfurt Stock
Exchange (ticker symbol: IFX) and in the USA on the over-the-counter market
OTCQX International Premier (ticker symbol: IFNNY). For more information
see www.infineon.com
This press release can be found at www.infineon.com/presse
End of Corporate News
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Language: English
Company: Infineon Technologies AG
Am Campeon 1-12
85579 Neubiberg
Germany
Phone: +49 (0)89 234-26655
Fax: +49 (0)89 234-955 2987
E-mail: investor.relations@infineon.com
Internet: www.infineon.com
ISIN: DE0006231004
WKN: 623100
Listed: Regulierter Markt in Frankfurt (Prime Standard);
Freiverkehr in Berlin, Düsseldorf, Hamburg, Hannover,
München, Stuttgart; Terminbörse EUREX
End of News DGAP News-Service
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147369 23.11.2011
DGAP-News: Infineon Technologies AG: Infineon's Supervisory Board and Management Board propose a 20 percent dividend increase to the Annual General Meeting to Euro 0.12 per share
| Source: EQS Group AG