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.
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SOURCE Atmel Corporation