Infineon to Return to Pre-Covid Dividend Payment
October 05 2021 - 01:18PM
Dow Jones News
By Olaf Ridder
Infineon Technologies AG's Chief Financial Officer Sven
Schneider said Tuesday that the company intends to pay a dividend
of 0.27 euros ($0.31) for the 2020-21 financial year, marking a
return to pre-pandemic levels.
In the past year, the chip maker had lowered the payout by
EUR0.05 to EUR0.22 as it expected further risks connected to the
pandemic.
Looking ahead, electrification and digitalization are going to
drive the business, Mr. Schneider said at the company's capital
markets day.
Infineon targets sales growth of at least EUR5 billion in the
next four years, he added. In 2024-25, it expects to book revenue
of more than EUR16 billion, including targeted sales synergies from
the acquisition of U.S.-based company Cypress last year, he
said.
Write to Olaf Ridder at olaf.ridder@wsj.com
(END) Dow Jones Newswires
October 05, 2021 13:03 ET (17:03 GMT)
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