Infineon's Supervisory Board and Management Board propose a 20 percent dividend increase to the Annual General Meeting to Euro 0.12 per share
Neubiberg, November 23, 2011 – The Supervisory Board of Infineon Technologies AG yesterday decided to follow the recommendation of the Management Board and to propose to the upcoming Annual General Meeting a 20 percent dividend increase to Euro 0.12 per qualifying ordinary share.
"The aim of our dividend strategy is to pay our shareholders a sustainable dividend throughout the market cycle and thus enable them to participate continuously in our company's success," said Peter Bauer, Chief Executive Officer of Infineon Technologies AG. "Our shareholders will also benefit from further share and bond buybacks. In addition to the dividend payments we will commit a further total of up to Euro 208 million between October 2011 and March 2013 as part of a capital returns program, which is already underway."
The 2011 fiscal year saw Infineon pay a dividend again for the first time in ten years. The Annual General Meeting of February 17, 2011 resolved to pay a dividend of Euro 0.10 per share for the 2010 fiscal year, amounting to a total dividend sum of Euro 109 million. If the upcoming Annual General Meeting of March 8, 2012 approves the proposal of a Euro 0.12 dividend per qualifying ordinary share, this would correspond to an anticipated total dividend sum of around Euro 130 million. The final dividend payout amount depends on the number of qualifying shares. As of November 21, 2011 there were 1,081 million qualifying shares; however further share buybacks up to the payout date could reduce this number further.
Infineon Technologies AG, Neubiberg, Germany, offers semiconductor and system solutions addressing three central challenges to modern society: energy efficiency, mobility, and security. In the 2011 fiscal year (ending September 30), the company reported sales of Euro 4.0 billion with close to 26,000 employees worldwide. Infineon is listed on the Frankfurt Stock Exchange (ticker symbol: IFX) and in the USA on the over-the-counter market OTCQX International Premier (ticker symbol: IFNNY). Further information is available at www.infineon.com.