STMicroelectronics (STM) Proposes 66% Dividend Increase
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STMicroelectronics (NYSE: STM) management will submit a proposal to increase their annual dividend to $0.40 per outstanding common share. The proposal would be a 66.7% increase from the current annual rate of $0.24.
Yield on the new dividend will be 3.2%.
The proposal will be submitted for shareholder approval at the Company's Annual General Meeting, which will be held in Amsterdam on May 3, 2011.
Yield on the new dividend will be 3.2%.
The proposal will be submitted for shareholder approval at the Company's Annual General Meeting, which will be held in Amsterdam on May 3, 2011.
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