SAN JOSE, Calif., Feb. 4, 2015 /PRNewswire/
-- Atmel® Corporation (NASDAQ: ATML), a leader in
microcontroller and touch solutions, today announced that its Board
of Directors has approved the initiation of a quarterly cash
dividend, commencing in the first quarter 2015.
The Board of Directors has declared an initial dividend of
$0.04 per share, payable on
March 26, 2015, to stockholders of
record at the close of business on March
16, 2015.
Atmel has also reiterated its intent to continue to return
capital to stockholders through its ongoing share repurchase
program which has returned over $790
million of cash to stockholders since 2010. Atmel has
approximately $209 million of
remaining stock repurchase authorization.
"Atmel has been transformed into a company featuring a stronger
operating model with consistent cash generation," said Steve Laub, Atmel's President and Chief
Executive Officer. "The initiation of a quarterly dividend,
combined with our existing stock repurchase program, demonstrates
confidence in our business and a continued commitment to driving
shareholder value."
About Atmel
Atmel is a worldwide leader in the design
and manufacture of microcontrollers, capacitive touch solutions,
advanced logic, mixed-signal, nonvolatile memory and radio
frequency (RF) components. Leveraging one of the industry's
broadest intellectual property (IP) technology portfolios, Atmel is
able to provide the electronics industry with intelligent and
connected solutions focused on the industrial, consumer,
communications, computing and automotive markets.
©2015 Atmel Corporation. Atmel®, Atmel logo and combinations
thereof, and others are registered trademarks or trademarks of
Atmel Corporation or its subsidiaries. Other terms and product
names may be trademarks of others.
Investor Contact:
Peter
Schuman
Senior Director, Investor Relations
(408)
437-2026
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SOURCE Atmel Corporation