Cypress Semiconductor Corp. (NASDAQ: CY) today announced that its Board
of Directors has approved a quarterly cash distribution of $0.11 per
share payable to holders of record of the Company’s common stock at the
close of business on June 27, 2019. This dividend will be paid on July
18, 2019.
Cypress’ distribution policy and the payment of cash distributions under
that policy are subject to the Board’s continuing determination that the
distribution policy and the declaration of dividends are in the best
interests of Cypress’ stockholders and are in compliance with all laws
and agreements of Cypress applicable to the declaration and payment of
cash distributions. This policy may be changed or cancelled at the
Company’s discretion at any time.
About Cypress
Cypress is a leader in advanced embedded solutions for the world’s most
innovative automotive, industrial, smart home appliances, consumer
electronics and medical products. Cypress’ microcontrollers, wireless
and USB-based connectivity solutions, analog ICs, and reliable,
high-performance memories help engineers design differentiated products
and get them to market first. Cypress is committed to providing
customers with the best support and development resources on the planet
enabling them to disrupt markets by creating new product categories in
record time. To learn more, go to www.cypress.com.
Forward-Looking Statements
This release may be deemed to contain forward-looking statements,
which are subject to the safe harbor provisions of the Private
Securities Litigation Reform Act of 1995. These forward-looking
statements include, among other things, statements regarding the
Company’s adoption of a cash dividend policy, any future payments made
under that policy, any decision to cancel or change the cash dividend
policy, and the judgment as to the tax treatment of such dividends, each
of which involve risks and uncertainties. Readers are cautioned that
these forward-looking statements are only predictions and may differ
materially from actual future events or results due to a variety of
factors, including: the discretion of management and the board as to
whether declaring a cash dividend is in the best interests of the
Company; the business and economic conditions and growth trends in the
semiconductor industry and in various geographic regions; our ability to
manage financial risk; our financial results; and other risks and
uncertainties listed in Cypress’s most recent Annual Report on Form 10-K
and in our other filings with the Securities and Exchange Commission.
The information above speaks only as of the date of this release and the
Company assumes no responsibility to update any such forward-looking
statements.
IRS Circular 230 disclosure: To ensure compliance with requirements
imposed by the IRS, we inform you that any tax advice contained in this
communication, unless expressly stated otherwise, was not intended or
written to be used, and cannot be used, for the purpose of (i) avoiding
tax-related penalties under the Internal Revenue Code or (ii) promoting,
marketing or recommending to another party any tax-related matter(s)
addressed herein.
Cypress and the Cypress logo are registered trademarks of Cypress
Semiconductor Corp. All other trademarks are property of their owners.
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