Vishay Intertechnology Inc.
Vishay Announces Dividend-Related Note Adjustments and Share Repurchase Approval
Summary
Vishay Intertechnology, Inc. announced adjustments to the conversion rates for its 2.25% Convertible Senior Notes due 2025 due to quarterly cash dividends, and approved the repurchase of an additional 3.0 million shares to support its Stockholder Return Policy. The adjustments affect the conversion rates and effective prices for these notes, excluding the 2030 notes. The share repurchase program is intended to return at least 70% of free cash flow to stockholders either through dividends or stock buybacks.
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About Vishay Intertechnology Inc.
Vishay Intertechnology Inc., a leading electronic components manufacturer, plays a crucial role in the technology and electronics sectors. The company specializes in manufacturing a vast array of discrete semiconductors, including rectifiers and diodes, as well as passive components such as capacitors and resistors. These components are essential for the development and function of various electronic devices and systems across industries. As electronics become increasingly integral to modern life, Vishay's products find applications in consumer electronics, automotive, industrial, and telecommunications markets. Headquartered in Malvern, Pennsylvania, Vishay Intertechnology Inc. consistently invests in research and development to advance component efficiency and technology, reinforcing its standing within the global electronics supply chain. Established in 1962, the company has grown to be a significant supplier in the electronics market worldwide, providing critical components that enable advanced technological innovations.
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