Himax Technologies, Inc. Declares Cash Dividend for FY2016

Himax Technologies (NASDAQ:HIMX) has declared a cash dividend of $.24 per ADS, equivalent to $0.12 per ordinary share for the year 2016.
As quoted in the press release:

The cash dividend will be payable on August 14, 2017 to all the shareholders of record as of July 31, 2017. The ADS book will be closed for issuance and cancellation from July 24, 2017 to July 31, 2017. Typically, Himax pays out its yearly dividend at approximately the middle of its current calendar year based on the Company’s previous year’s financial performance.

“Since our IPO in 2006, we have remained committed to a dividend policy,” said Mr. Jordan Wu, President and Chief Executive Officer of Himax Technologies, Inc. “This year’s dividend represents a payout ratio of 81.4% based on our fiscal year 2016 profit. The high payout ratio demonstrates our continued support of our shareholder base and strong confidence in the outlook for 2017 and beyond. As reported in the last few earnings calls, we are enlarging our WLO capacity within the current headquarters to meet certain anchor customer’s strong demand starting 2017. We are also constructing a new building to house further WLO capacity, the next generation LCOS production lines, and additional office space. Our decision for the high dividend payout ratio, notwithstanding the high capital expenditure this year and next, reflects our confidence on the healthy balance sheet, cash flow and the strong return expected of such expansion.”

Click here to read the full press release.