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FEI Company
FEIC announced that its board of directors has approved an increase in the quarterly cash dividends to its shareholders from $.08 to $.12 per share.
A dividend of $0.12 per share of common stock will be paid on July 23 to all shareholders of record as of the close of business on July 10. The timing and amounts of future dividends are subject to determination and approval by FEI's board.
"The 50% increase in the quarterly cash dividend, combined with our organic growth initiatives, strategic acquisitions and an opportunistic stock repurchase program, underscores our commitment to enhance shareholder value," said Don Kania, president and CEO of FEI. "With substantial cash reserves and our history of strong cash generation, we believe FEI has the financial strength to invest in the business for continued growth, as well as return cash to our shareholders."
About FEI
FEI Company
FEIC is a leading supplier of scientific instruments for nanoscale applications and solutions in industry and science. With more than 60 years of technological innovation and leadership, FEI has set the performance standard in transmission electron microscopes (TEM), scanning electron microscopes (SEM) and DualBeams™, which combine a
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