Himax Technologies announced a cash dividend of 37.0 cents per ADS for 2024, payable on July 11, 2025.
Quiver AI Summary
Himax Technologies, Inc., a leading semiconductor supplier, has announced a cash dividend of 37.0 cents per American Depositary Share (ADS), equivalent to 18.5 cents per ordinary share, for the financial year 2024. This dividend will be payable on July 11, 2025, to shareholders on record by June 30, 2025, with the ADS book closing for issuance and cancellation from June 23 to June 30, 2025. The CEO, Mr. Jordan Wu, highlighted that this cash dividend reflects a payout ratio of 81.1% of last year's profit and emphasized the company's commitment to rewarding shareholders and focusing on balanced, long-term growth. Established in 2001 and headquartered in Tainan, Taiwan, Himax is renowned for its innovative display technologies and has a significant presence in the automotive display market and AI applications, boasting numerous patents worldwide.
Potential Positives
- Himax declared a cash dividend of 37.0 cents per ADS, reflecting a commitment to returning value to shareholders.
- The dividend payout ratio of 81.1% of last year's profit indicates strong financial performance and the company’s discursive growth.
- Himax maintains a consistent dividend payment history since its IPO in 2006, reinforcing investor confidence and loyalty.
- The company is a leader in the automotive display technology market, suggesting strong positioning and potential for ongoing revenue growth.
Potential Negatives
- The decision to pay out a high dividend of 81.1% of last year's profit may raise concerns about the company's cash flow sustainability and its ability to reinvest in growth opportunities.
- The company's heavy reliance on a small group of principal customers could pose risks, particularly in the face of market volatility and changing customer demands.
- The press release does not address how the ongoing challenges in the semiconductor industry, including potential shortages and pricing pressures, may impact future financial performance.
FAQ
What is the declared cash dividend for 2024 by Himax Technologies?
The declared cash dividend for 2024 is 37.0 cents per ADS, equivalent to 18.5 cents per ordinary share.
When will the dividend be payable to shareholders?
The dividend will be payable on July 11, 2025, to shareholders of record as of June 30, 2025.
What is the payout ratio for Himax's dividend this year?
This year, the payout ratio for the dividend is 81.1% of last year's profit.
What industries utilize Himax's display driver technologies?
Himax's display driver technologies are used in TVs, monitors, laptops, mobile phones, and automotive applications.
How many patents does Himax hold as of March 31, 2025?
Himax holds 2,603 patents granted and 389 patents pending approval worldwide as of March 31, 2025.
Disclaimer: This is an AI-generated summary of a press release distributed by GlobeNewswire. The model used to summarize this release may make mistakes. See the full release here.
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Full Release
TAINAN, Taiwan, May 08, 2025 (GLOBE NEWSWIRE) -- Himax Technologies, Inc. (Nasdaq: HIMX) (“Himax” or “Company”), a leading supplier and fabless manufacturer of display drivers and other semiconductor products, today declared a cash dividend of 37.0 cents per ADS, equivalent to 18.5 cents per ordinary share, for the year of 2024.
The cash dividend will be payable on July 11, 2025 to all the shareholders of record as of June 30, 2025. The ADS book will be closed for issuance and cancellation from June 23, 2025 to June 30, 2025. Typically, Himax pays out its yearly dividend at approximately the middle of its current calendar year based on the Company's previous year financial performance.
“Since our IPO in 2006, we have consistently rewarded shareholders for their ongoing commitment with our dividend policy,” said Mr. Jordan Wu, President and Chief Executive Officer of Himax. “This year we are pleased to declare an annual cash dividend of 37.0 cents per ADS, representing a payout ratio of 81.1% of last year's profit. Himax will continue to focus on maintaining a healthy balance sheet while driving sustainable long-term growth to deliver value for our shareholders through high dividends and share repurchases,” concluded Mr. Wu.
About Himax Technologies, Inc.
Himax Technologies, Inc. (NASDAQ: HIMX) is a leading global fabless semiconductor solution provider dedicated to display imaging processing technologies. The Company’s display driver ICs and timing controllers have been adopted at scale across multiple industries worldwide including TVs, PC monitors, laptops, mobile phones, tablets, automotive, ePaper devices, industrial displays, among others. As the global market share leader in automotive display technology, the Company offers innovative and comprehensive automotive IC solutions, including traditional driver ICs, advanced in-cell Touch and Display Driver Integration (TDDI), local dimming timing controllers (Local Dimming Tcon), Large Touch and Display Driver Integration (LTDI) and OLED display technologies. Himax is also a pioneer in tinyML visual-AI and optical technology related fields. The Company’s industry-leading WiseEye TM Ultralow Power AI Sensing technology which incorporates Himax proprietary ultralow power AI processor, always-on CMOS image sensor, and CNN-based AI algorithm has been widely deployed in consumer electronics and AIoT related applications. Himax optics technologies, such as diffractive wafer level optics, LCoS microdisplays and 3D sensing solutions, are critical for facilitating emerging AR/VR/metaverse technologies. Additionally, Himax designs and provides touch controllers, OLED ICs, LED ICs, EPD ICs, power management ICs, and CMOS image sensors for diverse display application coverage. Founded in 2001 and headquartered in Tainan, Taiwan, Himax currently employs around 2,200 people from three Taiwan-based offices in Tainan, Hsinchu and Taipei and country offices in China, Korea, Japan, Germany, and the US. Himax has 2,603 patents granted and 389 patents pending approval worldwide as of March 31, 2025.
Forward Looking Statements
Factors that could cause actual events or results to differ materially from those described in this conference call include, but are not limited to, the effect of the Covid-19 pandemic on the Company’s business; general business and economic conditions and the state of the semiconductor industry; market acceptance and competitiveness of the driver and non-driver products developed by the Company; demand for end-use applications products; reliance on a small group of principal customers; the uncertainty of continued success in technological innovations; our ability to develop and protect our intellectual property; pricing pressures including declines in average selling prices; changes in customer order patterns; changes in estimated full-year effective tax rate; shortage in supply of key components; changes in environmental laws and regulations; changes in export license regulated by Export Administration Regulations (EAR); exchange rate fluctuations; regulatory approvals for further investments in our subsidiaries; our ability to collect accounts receivable and manage inventory and other risks described from time to time in the Company's SEC filings, including those risks identified in the section entitled "Risk Factors" in its Form 20-F for the year ended December 31, 2024 filed with the SEC, as may be amended.
Company Contacts:
Karen Tiao, Head of IR/PR
Himax Technologies, Inc.
Tel: +886-2-2370-3999
Fax: +886-2-2314-0877
Email:
[email protected]
www.himax.com.tw
Mark Schwalenberg, Director
Investor Relations - US Representative
MZ North America
Tel: +1-312-261-6430
Email:
[email protected]
www.mzgroup.us