Xilinx Boosts Dividend, Backs Sales Guidance

By FOXBusiness

Xilinx (NASDAQ:XLNX) on Monday lifted its quarterly dividend by 3 cents, a move the company said reflects its "strong and consistent" operating cash flow and commitment to returning shareholder value.

The San Jose, Calif.-based programmable logic solutions developer will offer shareholders a dividend of 19 cents a share, up from 16 cents, payable on June 8 to shareholders of record on May 18.

Continue Reading Below

Xilinx reiterated its sales guidance for the current quarter, with revenue expected to be flat to up 5%, sequentially, assuming its shipments to customers in Japan are not affected by the recent tragedy in Japan.

Results for the quarter will be released on April 27.

What do you think?

Click the button below to comment on this article.