TEMPE, Ariz., May 17, 2021 /PRNewswire/ -- Benchmark
Electronics, Inc. (NYSE: BHE) today announced that its Board of
Directors has approved a quarterly dividend increase, raising the
quarterly dividend from 16 cents to
16.5 cents per common share. At
the new rate, the indicated dividend on an annual basis is
$0.66 per share compared to the
previous rate of $0.64 per
share. The new rate of 16.5
cents per common share will apply to future dividends
declared and paid to shareholders.
"Our announcement today to increase our dividend reflects our
Board's commitment to creating value for our shareholders, the
continued execution of our long-term strategy including capital
allocation, and the confidence in our performance and growth," said
Jeff Benck, CEO and
President.
About Benchmark Electronics, Inc.
Benchmark provides
comprehensive solutions across the entire product life cycle by
leading through its innovative technology and engineering design
services, leveraging its optimized global supply chain and
delivering world-class manufacturing services in the following
industries: commercial aerospace, defense, advanced computing, next
generation telecommunications, complex industrials, medical, and
semiconductor capital equipment. Benchmark's global operations
include facilities in seven countries and its common shares trade
on the New York Stock Exchange under the symbol BHE.
Forward-Looking Statements
This press release contains
forward-looking statements within the meaning of Section 27A of the
Securities Act of 1933, as amended and Section 21E of the
Securities Exchange Act of 1934, as amended (Exchange Act). These
forward-looking statements are identified as any statement that
does not relate strictly to historical or current facts and may
include words such as "anticipate," "believe," "intend," "plan,"
"project," "forecast," "strategy," "position," "continue,"
"estimate," "expect," "may," "will," "could," "predict," and
similar expressions or the negative or other variations thereof. In
particular, statements, express or implied, concerning future
operating results, our ability to generate sales, income or cash
flow, the anticipated impact of the COVID-19 pandemic, the outlook
and guidance for second quarter 2021 results, our anticipated plans
and responses to the COVID-19 pandemic, our expected revenue mix,
our business strategy and strategic initiatives, our repurchases of
shares of our common stock and our intentions concerning the
payment of dividends, among others, are forward-looking statements.
Although we believe these statements are based upon reasonable
assumptions, they involve risks, uncertainties and assumptions that
are beyond our ability to control or predict, relating to
operations, markets and the business environment generally,
including those discussed under Part I, Item 1A of the company's
Annual Report on Form 10-K for the year ended December 31,
2020 and in any of our subsequent reports filed with the Securities
and Exchange Commission (SEC). In particular, these statements also
depend on the duration, severity and evolution of the COVID-19
pandemic and related risks, including government and other
third-party responses to it and the consequences for the global
economy, our business and the businesses of our suppliers and
customers, as well as our ability (or inability) to execute on our
plans to respond to the COVID-19 pandemic. Should one or more of
these risks or uncertainties materialize, or should underlying
assumptions prove incorrect, actual outcomes, including the future
results of our operations, may vary materially from those
indicated. Undue reliance should not be placed on any
forward-looking statements. Forward-looking statements are not
guarantees of performance. All forward-looking statements included
in this document are based upon information available to us as of
the date of this document, and we assume no obligation to
update.
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SOURCE Benchmark Electronics, Inc.