STMicroelectronics Announces Approval of Cash Dividend Distribution and Three-for-one Stock Split at Annual General Shareholders' Meeting
26 April 2000
STMicroelectronics Announces Approval of Cash Dividend Distribution and Three-for-one Stock Split at Annual General Shareholders' Meeting
GENEVA--April 26, 2000--STMicroelectronics N.V. (NYSE: STM) is pleased to announce that today, at the Annual General Shareholders' meeting, both the proposed $0.09 per share dividend distribution and three-for-one stock split have been approved.As previously announced, the dividend will be payable on May 4, 2000, to shareholders of record on April 28, 2000. The record date for the stock split will be May 5, 2000, and the shares will be listed with the new par value starting May 9, 2000.
STMicroelectronics (formerly SGS-THOMSON Microelectronics) is a global independent semiconductor company, whose shares are traded on the New York Stock Exchange, on the ParisBourse and the Milan Stock Exchange. The Company designs, develops, manufactures and markets a broad range of semiconductor integrated circuits (ICs) and discrete devices used in a wide variety of microelectronic applications, including telecommunications systems, computer systems, consumer products, automotive products and industrial automation and control systems. In 1999, the Company's net revenues were $5.056 billion and net earnings were $547 million. Further information on ST can be found at www.st.com