News Column

Vishay Intertechnology Announces First Ever Cash Dividend

February 19, 2014

By a News Reporter-Staff News Editor at Electronics Newsweekly -- Vishay Intertechnology Inc. (NYSE: VSH) announced that the Company's Board of Directors approved the initiation of quarterly cash dividend payments to its stockholders.

Yesterday, the Board of Directors declared a dividend of $0.06 per share of common stock and Class B common stock, to be paid on March 27, 2014 to stockholders of record as of the close of business on March 3, 2014. This is the first cash dividend to be paid to stockholders in the history of the Company. Future dividends will be subject to Board approval.

"We are pleased to be in a position to return cash to our stockholders and proud of the strong financial health of our Company," said Marc Zandman, Executive Chairman of the Board and Chief Business Development Officer. "From 2010 to 2012 we have repurchased 44.3 million shares of our common stock, representing 24% of our shares outstanding before we began this initiative. With the initiation of a quarterly cash dividend program we have now taken yet another step in our continuous efforts to enhance stockholder value."

Keywords for this news article include: Electronics, Investment and Finance, Vishay Intertechnology Inc.

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Source: Electronics Newsweekly

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