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NXP Semiconductors logoNXP Semiconductors NXPI

NXP said its board approved an interim dividend of $1.014 per ordinary share for Q1 2024, on March 7, 2024.

8-KOther EventsFiled Period of report Summary published (UTC)

Key points

AI summary
  1. NXP said its board approved an interim dividend of $1.014 per ordinary share for Q1 2024, on March 7, 2024.

  2. The company said the interim dividend will be paid in cash on April 10, 2024 to shareholders of record as of March 21, 2024.

  3. The company said cash dividends will be subject to Dutch dividend withholding tax at the rate of 15%, which may be reduced in certain circumstances. It said non-Dutch resident shareholders, depending on their circumstances, may be entitled to a full or partial refund of Dutch dividend withholding tax.

  4. NXP said the dividend approval is part of its ongoing capital return program. The company said the action is based on the continued and significant strength of its capital structure and the board's confidence in its ability to drive long-term growth and strong cash flow.

Summary

AI-written

Analysis scope · Filing body and confirmed press-release exhibitWe analyzed the filing body and confirmed exhibits. This is not a review of other exhibits, investor presentations or the full earnings call.

NXP Board Approves Q1 Interim Dividend of $1.014

NXP said its board approved an interim dividend of $1.014 per ordinary share for Q1 2024, on March 7, 2024.

Source · Based on the filing body and exhibits

Payment Date and Record Date

The company said the interim dividend will be paid in cash on April 10, 2024 to shareholders of record as of March 21, 2024.

Source · Based on the filing body and exhibits

Dutch Dividend Withholding Tax at 15%

The company said cash dividends will be subject to Dutch dividend withholding tax at the rate of 15%, which may be reduced in certain circumstances. It said non-Dutch resident shareholders, depending on their circumstances, may be entitled to a full or partial refund of Dutch dividend withholding tax.

Source · Based on the filing body and exhibits

Board Approval Rationale and Capital Return Program

NXP said the dividend approval is part of its ongoing capital return program. The company said the action is based on the continued and significant strength of its capital structure and the board's confidence in its ability to drive long-term growth and strong cash flow.

Source · Based on the filing body and exhibits

AI summarized the filing and translated the summary into English; it may differ from the original. For reference only, not investment advice. AI translated the published Korean report into English. Figures are copied as filed, not recalculated.

Original filing

The filing as submitted to SEC EDGAR. You can check the figures and statements of this summary against it.

Source: SEC EDGAR (U.S. Securities and Exchange Commission). Item captions are the SEC's. The summary is for reference only and is not investment advice.