Geneva, Switzerland, March 24, 2015 (GLOBE NEWSWIRE) -- STMicroelectronics (NYSE:STM), a global semiconductor leader serving customers across the spectrum of electronics applications, has announced that its Supervisory Board has approved the Managing Board proposal to the 2015 Annual General Meeting (AGM) of Shareholders to declare this year a cash dividend of US$0.40 per outstanding share of the Company's common stock, to be distributed in quarterly installments of US$0.10 in each of the second, third and fourth quarters of 2015 and first quarter of 2016 to shareholders of record at each respective date. The AGM will be held on May 27, 2015.
Furthermore, ST's Supervisory Board resolved that the Company's dividend distributions, more recently decided on a semi-annual basis, will now be decided on an annual basis at ST's Annual General Meeting of Shareholders.
ST is a global leader in the semiconductor market serving customers across the spectrum of sense and power and automotive products and embedded processing solutions. From energy management and savings to trust and data security, from healthcare and wellness to smart consumer devices, in the home, car and office, at work and at play, ST is found everywhere microelectronics make a positive and innovative contribution to people's life. By getting more from technology to get more from life, ST stands for life.augmented.
In 2014, the Company's net revenues were $7.40 billion. Further information on ST can be found at www.st.com.
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Group VP, Investor Relations
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24mar2015_dividend proposal 2015 http://hugin.info/152740/R/1906000/678445.pdf