Mentor Graphics Announces Initiation of Quarterly Dividend
08 3월 2013 - 6:05AM
Business Wire
Mentor Graphics Corporation (NASDAQ: MENT) today announced that
its Board of Directors has adopted a dividend policy under which
Mentor Graphics intends to pay an annual cash dividend of $0.18 per
share on its common stock. The first dividend of $0.045 per share
of outstanding common stock will be paid to shareholders of record
as of the close of business on March 22, 2013, with a payment date
of April 10, 2013.
“The Board’s decision to initiate a quarterly dividend reflects
our confidence in Mentor Graphics’ business and our commitment to
deploying capital to maximize shareholder value for the long-term,”
said Walden C. Rhines, chairman and CEO of Mentor Graphics. “The
dividend will augment our capital deployment strategy, which will
continue to include strategic acquisitions and share repurchases
while retaining a strong balance sheet and financial position.”
Mentor Graphics has approximately $76 million available under
its current $200 million share repurchase program. The company has
repurchased $124 million of Mentor Graphics stock, or approximately
8% of outstanding common, over the past two fiscal years at an
average cost of $13.69 per share.
Future declarations of quarterly dividends and the establishment
of future record and payment dates are subject to the quarterly
determination of the Mentor Graphics Board of Directors and that
doing so is in the best interest of the company’s shareholders.
Payment of dividends is also subject to limits in the company’s
revolving credit agreement.
About Mentor Graphics
Mentor Graphics Corporation is a world leader in electronic
hardware and software design solutions, providing products,
consulting services and award-winning support for the world’s most
successful electronic, semiconductor and systems companies.
Established in 1981, the company reported revenues in the last
fiscal year of about $1,090 million. Corporate headquarters are
located at 8005 S.W. Boeckman Road, Wilsonville, Oregon 97070-7777.
World Wide Web site: http://www.mentor.com/.
(Mentor Graphics is a registered trademark of Mentor Graphics
Corporation. All other company or product names are the registered
trademarks or trademarks of their respective owners.)
Safe Harbor Statement
This release may contain forward-looking statements within the
meaning of the Private Securities Litigation Reform Act of 1995
regarding the Company’s expected results of operations and payment
of dividends in the future. Investors are cautioned that any
forward-looking statements are based on current information and
expectations, and are subject to risks and uncertainties discussed
in Company filings with the Securities and Exchange Commission. The
Company undertakes no obligation to publicly update any
forward-looking statement contained in this release, whether as a
result of new information, future developments or otherwise, except
as may be required by law.
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