Cypress Semiconductor Declares Its First Dividend of 2013

By Eric Volkman – Feb 26, 2013 at 7:25PM

NASDAQ: CY

Cypress Semiconductor

The chip maker matches its previous payout of $0.11 per share.

Cypress Semiconductor (CY) has declared its latest quarterly dividend, and its first for 2013. The company will hand out $0.11 per share of its common stock on April 18 to shareholders of record as of March 28, keeping the company's dividend steady. It paid the same amount in all four quarters of 2012, after paying out $0.09 per share.

In the press release announcing the move, Cypress said it expected the dividend would not be sourced from its retained earnings and would be treated as return of capital for tax purposes.

The new dividend annualizes to $0.44 per share, which yields 4.5% at Cypress' current stock price of $9.84.

Fool contributor Eric Volkman has no position in Cypress Semiconductor. The Motley Fool recommends Cypress Semiconductor. We Fools don't all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.