Adata proposes a cash dividend - News Summed Up

Adata proposes a cash dividend


By Lisa Wang / Staff reporterMemory module supplier Adata Technology Co (威剛科技) yesterday said its management team has suggested distributing a cash dividend of NT$6 per common share, which would be its largest in three years, as part of its policy to increase cash return. That would represent a dividend yield of about 8.38 percent, compared with the company’s stock price of NT$71.6 on the Taiwan Stock Exchange. Last year, Adata distributed a cash dividend of NT$4 a share. Adata expects revenue to rebound this month, as working days and customer demand return to normal. More than half of its revenue came from DRAM products, the company said.


Source: Taipei Times March 07, 2018 15:56 UTC



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