NXP Semiconductors hikes dividend by 50.2%

NXP Semiconductors NV (symbol: NXPI) will raise its quarterly dividend by 50.2 percent to 84.5 cents per share in 2022. Last year the Eindhoven (The Netherlands) based company also announced a 50 percent dividend hike.

The next NXPI interim dividend will be paid in cash on April 6, 2022 to shareholders of record as of March 15, 2022. A new annual dividend rate of $3.38 per share will yield 1.6% at a stock price of $205. The ex-dividend date for the next NXPI dividend is March 14, 2022.

NXP Semiconductors N.V.  makes secure connectivity solutions for embedded applications in the automotive, industrial & IoT, mobile, and communication infrastructure markets. NXPI segments are High Performance Mixed Signal (HPMS), Standard Products (SP), and Corporate and Other. Its product solutions are used in a range of end-market applications, including automotive, personal security and identification, wireless and wireline infrastructure, mobile communications, multi-market industrial, consumer and computing. NXP is based in The Netherlands and has been paying a dividend every year since 2018.