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Stock impact report

STMicroelectronics Reports on Supervisory Board Decision on New Date for 2020 Annual General Meeting of Shareholders and Revised Dividend Resolution

STMicroelectronics N.V. (STM) 
Last stmicroelectronics n.v. earnings: 4/22 01:00 am Check Earnings Report
US:NYSE Investor Relations: investors.st.com
Company Research Source: GlobeNewswire
PR N°C2955C  Geneva, April 22, 2020 - STMicroelectronics (NYSE: STM), a global semiconductor leader serving customers across the spectrum of electronics applications, reported an update on its 2020 Annual General Meeting of Shareholders (the “2020 AGM”). Taking into account the increasing global societal and economic turmoil caused by the COVID-19 outbreak, ST’s Supervisory Board is now proposing a decrease in the 2019 dividend from US$0.24 to US$0.168 per share, with the authorization to consider, during September 2020, to increase such dividend up to a maximum of US$0.24 per share. The updated dividend resolution will be proposed at the 2020 AGM which is now postponed to June 17, 2020. The main resolutions to be submitted for adoption at the rescheduled 2020 AGM include: The adoption of the Company's statutory annual accounts for the year ended December 31, 2019, prepared in accordance with International Financial Reporting Standards (IFRS). The 2019 statutory annual accounts Show less Read more
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