Cypress Semiconductor Corp. (NASDAQ: CY) today announced that it has
paid the quarterly cash dividend of $0.11 per share approved by its
Board of Directors payable to holders of record of the Company's common
stock at the close of business on March 28, 2013.
The dividend will be paid from U.S. domestic sources other than the
Company's retained earnings and will be treated as a return of capital
for U.S. tax purposes for the 2013 fiscal year. Cypress’s cash dividend
policy and the payment of cash dividends under that policy are subject
to the Board's continuing determination that the dividend policy and the
declaration of dividends are in the best interests of Cypress’s
stockholders and are in compliance with all laws and agreements of
Cypress applicable to the declaration and payment of cash dividends. The
dividend policy may be changed or cancelled at the Company’s discretion
at any time.
About Cypress
Cypress delivers high-performance, mixed-signal, programmable solutions
that provide customers with rapid time-to-market and exceptional system
value. Cypress offerings include the flagship PSoC® 1, PSoC
3, PSoC 4, and PSoC 5 programmable system-on-chip families. Cypress is
the world leader in capacitive user interface solutions including
CapSense® touch sensing, TrueTouch® touchscreens,
and trackpad solutions for notebook PCs and peripherals. Cypress is the
world leader in USB controllers, which enhance connectivity and
performance in a wide range of consumer and industrial products. Cypress
is also the world leader in SRAM and nonvolatile RAM memories. Cypress
serves numerous major markets, including consumer, mobile handsets,
computation, data communications, automotive, industrial, and military.
Cypress trades on the NASDAQ Global Select Market under the ticker
symbol CY. Visit Cypress online at www.cypress.com.
Forward-Looking Statements
This release may be deemed to contain forward-looking statements,
which are subject to the safe harbor provisions of the Private
Litigation Reform Act of 1995. These forward-looking statements include,
among other things, statements regarding its adoption of a cash dividend
policy, any future payments made under that policy, any decision to
cancel or change the cash dividend policy, the judgment as to the tax
treatment of such dividends, each of which involve risks and
uncertainties. Readers are cautioned that these forward-looking
statements are only predictions and may differ materially from actual
future events or results due to a variety of factors, including: the
discretion of management and the board as to whether declaring a cash
dividend is in the best interests of the Company, the business and
economic conditions and growth trends in the semiconductor industry and
in various geographic regions; our ability to manage financial risk; and
other factors listed in Cypress’s most recent reports on Form 10-K, 10-Q
and 8-K. The information above speaks only as of the date of this
release.
IRS Circular 230 disclosure: To ensure compliance with requirements
imposed by the IRS, we inform you that any tax advice contained in this
communication, unless expressly stated otherwise, was not intended or
written to be used, and cannot be used, for the purpose of (i) avoiding
tax-related penalties under the Internal Revenue Code or (ii) promoting,
marketing or recommending to another party any tax-related matter(s)
addressed herein.
Cypress and the Cypress logo, PSoC, TrueTouch, CapSense, and West
Bridge are registered trademarks of Cypress Semiconductor Corporation.
All other trademarks are the property of their respective owners.
