NXP Semiconductors Announces Quarterly Dividend – Yahoo Canada Finance
Bitcoin sinks 4% to hover at US$66,500 per token
EINDHOVEN, The Netherlands, May 30, 2024 (GLOBE NEWSWIRE) — As part of its ongoing capital return program, NXP Semiconductors N.V. (NASDAQ: NXPI) today announced that its board of directors has approved the payment of an interim dividend. The actions are based on the continued and significant strength of the NXP capital structure, and the board’s confidence in the company’s ability to drive long-term growth and strong cash flow.
The board of directors has approved the payment of an interim dividend of $1.014 per ordinary share for the second quarter of 2024. The interim dividend will be paid in cash on July 10, 2024 to shareholders of record as of June 13, 2024.
Taxation – Cash Dividends
Cash dividends will be subject to the deduction of Dutch dividend withholding tax at the rate of 15 percent, which may be reduced in certain circumstances. Non-Dutch resident shareholders, depending on their circumstances, may be entitled to a full or partial refund of Dutch dividend withholding tax. If you are uncertain as to the tax treatment of any dividends, consult your tax advisor.
About NXP Semiconductors
NXP Semiconductors N.V. (NASDAQ: NXPI) is the trusted partner for innovative solutions in the automotive, industrial & IoT, mobile, and communications infrastructure markets. NXP's "Brighter Together" approach combines leading-edge technology with pioneering people to develop system solutions that make the connected world better, safer, and more secure. The company has operations in more than 30 countries and posted revenue of $13.28 billion in 2023. Find out more at www.nxp.com.
Forward-looking Statements
This document includes forward-looking statements which include statements regarding NXP’s interim dividend and financial condition, as well as any other statements which are not historical facts. By their nature, forward-looking statements are subject to numerous factors, risks and uncertainties that could cause actual outcomes and results to be materially different from those projected. These factors, risks and uncertainties include the following: market demand and semiconductor industry conditions; our ability to successfully introduce new technologies and products; the demand for the goods into which NXP’s products are incorporated; trade disputes between the U.S. and China, potential increase of barriers to international trade and resulting disruptions to NXP's established supply chains; the impact of government actions and regulations, including restrictions on the export of US-regulated products and technology; the ability to generate sufficient cash, raise sufficient capital or refinance corporate debt at or before maturity to meet both NXP's debt service and research and development and capital investment requirements; our ability to accurately estimate demand and match our production capacity accordingly or obtain supplies from third-party producers to meet demand; our access to production capacity from third-party outsourcing partners, and any events that might affect their business or NXP’s relationship with them; our ability to secure adequate and timely supply of equipment and materials from suppliers; our ability to avoid operational problems and product defects and, if such issues were to arise, to correct them quickly; our ability to form strategic partnerships and joint ventures and to successfully cooperate with our alliance partners; our ability to win competitive bid selection processes; our ability to develop products for use in customers’ equipment and products; the ability to successfully hire and retain key management and senior product engineers; the invasion of Ukraine by Russia and resulting regional instability, sanctions and any other retaliatory measures taken against Russia and the continued hostilities and the armed conflict in the Middle East, which could adversely impact the global supply chain, disrupt our operations or negatively impact the demand for our products in our primary end markets; and, the ability to maintain good relationships with NXP's suppliers. In case tax laws change, this could have an effect on our estimated effective tax rates. In addition, this document contains information concerning the semiconductor industry, our end markets and business generally, which is forward-looking in nature and is based on a variety of assumptions regarding the ways in which the semiconductor industry, our end markets and business will develop. NXP has based these assumptions on information currently available, if any one or more of these assumptions turn out to be incorrect, actual results may differ from those predicted. While NXP does not know what impact any such differences may have on its business, if there are such differences, its future results of operations and its financial condition could be materially adversely affected. Readers are cautioned not to place undue reliance on these forward-looking statements, which speak to results only as of the date the statements were made. Except for any ongoing obligation to disclose material information as required by the United States federal securities laws, NXP does not have any intention or obligation to publicly update or revise any forward-looking statements after we distribute this document, whether to reflect any future events or circumstances or otherwise. For a discussion of potential risks and uncertainties, please refer to the risk factors listed in our SEC filings. Copies of our SEC filings are available on our Investor Relations website, www.nxp.com/investor or from the SEC website, www.sec.gov.
For further information, please contact:
Investors:
Media:
Jeff Palmer
Paige Iven
[email protected]
[email protected]
+1 408 518 5411
+1 817 975 0602
NXP-Corp
This dividend stock has a strong history of dividend payments and growth, but offers even more for long-term investors. The post This 8.1% Dividend Stock Pays Cash Every Month appeared first on The Motley Fool Canada.
Here's what he predicts for Nvidia.
Two Canadian bank stocks, one big and one small, are likely to pop following their Q2 fiscal 2024 results and the recent rate cut. The post Prediction: These 2 Canadian Bank Stocks Are Next in Line to Pop appeared first on The Motley Fool Canada.
I wouldn't touch this struggling TSX dividend stock with a 10-foot pole. The post 1 Stock to Steer Clear of appeared first on The Motley Fool Canada.
Do you want to invest and compound wealth tax-free? Here are three top Canadian stocks to hold in a TFSA for a rest-easy retirement. The post Invest in These TFSA Stocks Now and Retire With Peace of Mind appeared first on The Motley Fool Canada.
Here’s how the Wall Street titan tackled the challenge.
As Oracle shares hit record highs after it reveals “largest contracts in our history.”
Value investors seek an opportunity to buy stocks at an attractive valuation. This dividend stock is an opportunity to lock in a 10% yield. The post 1 Magnificent Dividend Stock That’s Down 14% and Trading at a Once-in-a-Decade Valuation appeared first on The Motley Fool Canada.
MONTREAL — AtkinsRéalis Group Inc. says it plans to sell its stake in the company that owns the Highway 407 ETR toll highway north of Toronto by the end of 2027.
(Reuters) -New U.S. sanctions against Russia have forced an immediate suspension of trading in dollars and euros on its leading financial marketplace, the Moscow Exchange. The exchange and the central bank rushed out statements on Wednesday – a public holiday in Russia – within an hour of Washington announcing a new round of sanctions aimed at cutting the flow of money and goods to sustain Russia's war in Ukraine. "Due to the introduction of restrictive measures by the United States against the Moscow Exchange Group, exchange trading and settlements of deliverable instruments in U.S. dollars and euros are suspended," the central bank said.
As one skeptic notes, margins the size of Nvidia’s don’t last long: “That’s analyst training 101.”
OTTAWA — A senior Bank of Canada official says the unusual measures it took during the pandemic helped boost the economy, but the bar for using quantitative easing again will be very high.
Nvidia and a handful of other U.S. stocks have become almost synonymous with artificial intelligence. But investors willing to venture into emerging markets can find companies that are also critical for making AI a reality—at bargain prices compared with many stateside options. Companies cashing in on AI include those in Taiwan, South Korea, and parts of southeast Asia. “If you are looking for AI, emerging markets is the place to look,” says Anthony Sassine, senior investment strategist for Krane Funds Advisors.
Shares of Canadian Western Bank surged Wednesday on the news National Bank was buying it at a $5-billion valuation, while shares of other mid-sized banks also saw some gains as the acquisition trend continued.
MONTREAL — Public trust in the Bank of Canada has been dented by post-pandemic inflation and it needs to be rebuilt, governor Tiff Macklem said on Wednesday. "For many of our citizens, this has been their first experience with high inflation, and it has been painful," Macklem said during a panel discussion at the 2024 Conference of Montreal, alongside Deutsche Bundesbank president Joachim Nagel and BNP Paribas Canada CEO Sonja Volpe. "Inflation harms people and the economy, and it corrodes trust
The TSX has good millionaire-maker stocks if you wait. This futuristic stock might look undervalued once you see its growth potential. The post Could This Undervalued Stock Make You a Millionaire One Day? appeared first on The Motley Fool Canada.
Are you looking dividend stocks that could also steadily grow in the coming years? Here are three TSX stocks to buy under $40 per share right now. The post 3 No-Brainer Dividend Stocks to Buy Under $40 appeared first on The Motley Fool Canada.
(Bloomberg) — China’s appetite for overseas wheat and corn is dwindling rapidly, which is likely to heap pressure on world grain markets that have grown accustomed to robust demand from the world’s top agricultural importer.Most Read from BloombergHunter Biden Convicted of Gun Charges by Jury in DelawareEU to Slap Tariffs of Up to 48% on EV Imports From ChinaApple Hits Record After Introducing ‘AI for the Rest of Us’Dozens of CVS Generic Drug Recalls Expose Link to Tainted FactoriesPimco Warns
When looking for stocks that can be used to build generational wealth, you have to evaluate the business model for its longevity. The post 3 Stocks That Could Create Lasting Generational Wealth appeared first on The Motley Fool Canada.
Small-cap bullish stocks can be powerful growth picks, but only if you can get in and out at the correct times. Otherwise, the correction can erode your gains quite rapidly. The post This Under-the-Radar Canadian Stock Rose 870 Percent in 2 Years appeared first on The Motley Fool Canada.