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You know that buying a stock makes you part owner of a company, theoretically with millions of other people. But, while ownership has its privileges (at minimum you get a neat stock certificate and an invitation to the annual meeting), being an owner doesn't necessarily pay. Sure, you make money if the stock goes up, but only if you sell, and you can, in theory, lose all the value of your investment if the stock tanks.
Enter the dividend. Here, you get money simply from holding the stock. Companies pay a yield, which is expressed in a percentage based on the stock's price. For example, if a stock trades at $10, and pays a 10% annual yield, your dividend payment would be a $1. (Usually, companies break out the payments quarterly, so, using our example, you¿d get, well, a quarter each quarter.)
Companies that pay dividends fall into a few categories. First, you've got your big, stable companies that generate enough cash that it makes sense to throw some back to shareholders. Next, there are businesses, like real estate investment trusts, that are in the business of sitting back and receiving cash, then distributing it to holders. And, then there are companies that need to dangle a high dividend yield like a carrot to ease investor fears. Cigarette-maker Altria has been doing this for years.
Simply because a company pays a dividend doesn't make it a good investment. After all, you may want to take a chance on a growth stock that can move higher in price than dividend payers are known to do. But, you can¿t beat the safety of knowing that, even if a stock doesn't move in a year, you¿re at least making something off your investment.
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Monday, June 16, 2008
Celestica Recognizes ON Semiconductor with 2007 Total Cost of Ownership (TCOO(TM)) Supplier Award
Comtex
PHOENIX, Jun 16, 2008 (BUSINESS WIRE) ----ON Semiconductor (Nasdaq: ONNN) announced it has been awarded a 2007 Total Cost of Ownership (TCOO(TM)) Supplier Award from Celestica, a global leader in the delivery of end-to-end product lifecycle solutions. This award recognizes suppliers that support Celestica's overall supply chain goal - to reduce the total cost of ownership for our customers and give them the flexibility they need to overcome any challenge.
"ON Semiconductor is proud to be recognized by Celestica," said Jeff Thomson, vice president Global Channel Sales at ON Semiconductor. "Listening to our customers and focusing our efforts on delivering to their needs is at the core of ON Semiconductor's successful relationship with Celestica. By promptly engaging in Celestica's LiveShare program, successfully implementing the majority of our devices into Celestica's Ring program, consistently providing excellent inventory management programs, and working together to make positive improvements in several metrics, ON Semiconductor effectively demonstrated our execution capabilities. By remaining flexible and continuously providing both a high level of quality and consistent on-time delivery, we have been able to work proactively to meet Celestica's supply needs."
This marks the second year of Celestica's TCOO Supplier Awards program - and the second consecutive year ON Semiconductor has been honored. The program aligns with Celestica's Ring strategy, which focuses on shortening lead times through enhanced supplier proximity, as well as its TCOO supply chain strategy, which enables customers to deliver high-quality products to market quickly and at the lowest total cost. Celestica's TCOO system is designed to calculate the true cost to produce, deliver and support products and services beyond the supplier invoice price. As such, it considers the following supplier attributes: quality, delivery, technology, service, pricing and flexibility.
"Congratulations to ON Semiconductor for being recognized with a 2007 TCOO Supplier Award," said John Boucher, executive vice president, Supply Chain Management Solutions and Chief Procurement Officer, Celestica. "I sincerely thank ON Semiconductor for supporting our supply chain strategy and helping us to drive speed and responsiveness in the supply chain."
About ON Semiconductor
With its global logistics network and strong product portfolio, ON Semiconductor (Nasdaq: ONNN) is a preferred supplier of efficient power solutions to customers in the power supply, automotive, communication, computer, consumer, medical, industrial, mobile phone, and military/aerospace markets. The company's broad portfolio includes power, analog, DSP, mixed-signal, advance logic, clock management and standard component devices. Global corporate headquarters are located in Phoenix, Arizona. The company operates a network of manufacturing facilities, sales offices and design centers in key markets throughout North America, Europe, and the Asia Pacific regions. For more information, visit http://www.onsemi.com.
ON Semiconductor and the ON Semiconductor logo are registered trademarks of Semiconductor Components Industries, LLC. All other brand and product names appearing in this document are registered trademarks or trademarks of their respective holders. Although the company references its Web site in this news release, such information on the Web site is not to be incorporated herein.
SOURCE: ON Semiconductor
ON Semiconductor, Phoenix Anne Spitza, 602-244-6398 (Corporate Communications) anne.spitza@onsemi.com Ken Rizvi, 602-244-3437 (Investor Relations) ken.rizvi@onsemi.com
Copyright Business Wire 2008 ********************************************************************** As of Thursday, 06-12-2008 23:59, the latest Comtex SmarTrend� Alert, an automated pattern recognition system, indicated an UPTREND on 02-01-2008 for CLS @ $6.25. For more information on SmarTrend, contact your market data provider or go to www.mysmartrend.com SmarTrend is a registered trademark of Comtex News Network, Inc. Copyright � 2004-2008 Comtex News Network, Inc. All rights reserved.
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