MALVERN, PA — Vishay Intertechnology, Inc. (NYSE: VSH) recently announced that its Board of Directors has declared a dividend of $0.10 per share. This dividend applies to both common stock and Class B common stock and is slated for disbursement on March 26, 2024. The company stated that this dividend will be paid to stockholders who are recorded as of the close of business on March 14, 2024.
However, it should be noted that any future dividends will be contingent upon approval from the Board of Directors. This approach allows Vishay to maintain financial flexibility while continuing to reward its shareholders.
Vishay Intertechnology has carved out a significant place in the global electronics market. The company boasts one of the world’s largest portfolios of discrete semiconductors and passive electronic components. These components play a crucial role in driving innovation across a wide array of sectors. From automotive and industrial to computing, consumer, telecommunications, military, aerospace, and medical markets – Vishay’s products form the building blocks of a multitude of modern electronic systems.
The declaration of this dividend Vishay aims to emphasize its commitment to providing value to its shareholders while also investing in its diverse portfolio of essential electronic components. As Vishay continues to navigate the ever-evolving electronics landscape, shareholders can look forward to benefiting from the company’s strategic growth initiatives.
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