MALVERN, Pa. - Vishay Intertechnology, Inc. (NYSE:VSH), a prominent global manufacturer of discrete semiconductors and passive components, has declared a dividend for its common and Class B common stock. The company's Board of Directors announced a dividend of $0.10 per share, payable on December 12, 2024, to shareholders on record as of December 3, 2024. Future dividends will remain contingent on Board approval.
Vishay Intertechnology, recognized for its extensive portfolio of electronic components used in various sectors including automotive, industrial, and medical, is a Fortune 1000 company. The components produced by Vishay are integral to a range of innovative designs across diverse markets.
The announcement of the dividend follows Vishay's established pattern of shareholder returns but comes with the usual caveats of forward-looking statements. The company has cautioned that its projections regarding future cash dividends are subject to risks, uncertainties, and assumptions that could cause actual results to differ materially from those anticipated.
Factors that may influence Vishay's ability to continue paying dividends include general economic conditions, manufacturing and supply chain disruptions, changes in customer demand, foreign currency exchange rates, and various regulatory changes. The company has stated it does not intend to update or revise these forward-looking statements publicly, whether as a result of new information or future events.
This dividend declaration is based on a press release statement from Vishay Intertechnology, Inc., and serves as a factual report of the company's announcement without speculating on its potential implications for investors or the broader industry.
In other recent news, Vishay Intertechnology reported a steady third-quarter revenue of $735.4 million, despite challenges like sluggish demand and inventory destocking, particularly in Europe. The company reported a GAAP loss per share of $0.14, with an adjusted EPS at $0.08. Vishay also highlighted its acquisition of Birkelbach to support smart grid projects, indicating growth in this sector. The company's Q4 revenue is projected at $720 million, with a gross margin of about 20%.
Vishay is strategizing for growth with its Vishay 3.0 plan, aiming to enhance customer engagement and prepare for future demand recovery. The company plans to invest $2.6 billion in CapEx from 2023 to 2028 and aims to increase MOSFET capacity by 12% and inductor capacity by 15% in 2024. Vishay also anticipates growth in smart grid infrastructure, AI, military, aerospace, and automotive sectors in 2025.
These are recent developments that reflect Vishay's commitment to its long-term strategy, despite current economic challenges. The company remains focused on optimizing operations, expanding capacity, and innovating in key technology areas.
InvestingPro Insights
Vishay Intertechnology's recent dividend declaration aligns with its track record of consistent shareholder returns. According to InvestingPro data, the company has maintained dividend payments for 11 consecutive years, demonstrating a commitment to returning value to shareholders even in challenging market conditions. The current dividend yield stands at 2.2%, based on the most recent data.
While the dividend announcement is positive, InvestingPro Tips highlight some potential headwinds for Vishay. Analysts anticipate a sales decline in the current year, with revenue growth showing a 13.36% decrease over the last twelve months. This aligns with the broader economic uncertainties mentioned in the company's forward-looking statements.
Despite these challenges, Vishay's financial position appears stable. InvestingPro data shows that the company's liquid assets exceed short-term obligations, providing a buffer against potential economic headwinds. Additionally, analysts predict that Vishay will remain profitable this year, with a P/E ratio of 28.67, suggesting investor confidence in the company's earnings potential.
For investors seeking a more comprehensive analysis, InvestingPro offers 7 additional tips for Vishay Intertechnology, providing deeper insights into the company's financial health and market position.
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