IXYS Declares Quarterly Cash Dividend
IXYS Corporation (NASDAQ: IXYS) announced that its Board of Directors has declared a quarterly cash dividend on its common stock of $0.03 per share. The quarterly dividend will be paid on December 18, 2012 to stockholders of record on November 27, 2012.
“At the end of September 2012, we had record cash of $105 million, marking the second consecutive quarter of record cash for IXYS,” said Uzi Sasson, President and CFO. “Over the years, we have seen growth in cash through profitable operations, which reflects the financial efficiency of our business model. Focused on technological innovation, product diversification and streamlined operations, we expect IXYS will continue its pattern of cash generation and profitability. We appreciate our long-standing shareholders and recognize the importance of sharing in the profits of the company.”
“We determined that the dividend was appropriate at this time, as we continue to have strong profitability. We remain committed to our business strategy, and look toward continued cash growth and a strong return on assets when macroeconomic conditions improve,” commented Dr. Nathan Zommer, Founder and CEO.
About IXYS Corporation
IXYS Corporation has been developing technology-driven products to improve energy conversion efficiency, generate clean energy, improve automation, and provide advanced products for the transportation, medical and telecommunications industries. IXYS, with its subsidiaries, is a worldwide pioneer in the development of power semiconductors, solid-state relays, high voltage integrated circuits (HVIC) and microcontrollers that are necessary in conserving energy and in reducing the world's dependence on fossil fuels.
Diminishing natural resources, demand for renewable energy and environmental directives for energy efficiency represent a significant challenge. IXYS' power semiconductors and mixed-signal integrated circuits (IC) play a vital role in reducing energy costs and consumption by optimizing the energy efficiency of everyday products. With an end-customer base of over 2,000 telecommunications, transportation, industrial, medical and consumer companies, IXYS is a worldwide recognized provider of advanced semiconductors.
Additional information may be obtained by visiting IXYS' website at http://www.ixys.com, or by contacting the company directly.
Safe Harbor Statement
The foregoing press release contains forward-looking statements, including those related to the pattern of cash generation and profitability, the importance of sharing in the profits of the company, continued strong profitability, the business strategy, and continued cash growth and a strong return on assets. Actual results may vary materially from those contained in the forward-looking statements, due to adverse macroeconomic events, changes in customer delivery schedules, the cancellation of orders, an unanticipated decline in our business, increased competition, capacity limits on our ability to manufacture our products, cash flow difficulties, unanticipated technological hurdles, adverse changes in customer demand and increasing product costs, among other things. Further information on other factors that could affect our operations is detailed and included in our Form 10-Q for the fiscal quarter ended June 30, 2012, as filed with the Securities and Exchange Commission. IXYS undertakes no obligation to publicly release the results of any revisions to these forward-looking statements.
President and CFO
Tel: (408) 457-9000