Amkor Announces 50% Increase in Quarterly Cash Dividend and Shareholder Return Goal
Additionally, the company announced its intention to return 40 percent to 50 percent of cumulative free cash flow generated over time, beginning 2022, subject to a variety of factors, including strategic investments, other capital allocation priorities and Board of Directors’ approval. The company defines free cash flow as net cash provided by operating activities less purchases of property, plant and equipment. The company’s capital allocation priorities remain investing in the business, maintaining a strong balance sheet, strategic investments, and shareholder returns.
“We are very pleased to announce our shareholder return goal, reflecting confidence in our long-term business outlook and strong financial position. This target allows the company to continue investing for long-term growth while also returning capital to shareholders,” said
Forward-Looking Statement Disclaimer
This press release contains forward-looking statements within the meaning of the federal securities laws. You are cautioned not to place undue reliance on forward-looking statements. All forward-looking statements in this press release are made based on our current expectations, forecasts, estimates and assumptions. Because such statements include risks and uncertainties, actual results may differ materially from those anticipated in such forward-looking statements. Risk factors that could affect the outcome of the events set forth in these statements are discussed in the company’s reports filed with or furnished to the
Senior Director, Investor Relations and Finance