Techpoint Announces Second Installment of Dividend
On June 2, 2023, Techpoint, Inc. (“Techpoint”) announced that on June 1, 2023, its board of directors declared the second installment payment of its cash dividend of an aggregate of $0.50 per share for fiscal 2023, of which $0.25 per share was paid to stockholders in February 2023.
- On June 2, 2023, Techpoint, Inc. (“Techpoint”) announced that on June 1, 2023, its board of directors declared the second installment payment of its cash dividend of an aggregate of $0.50 per share for fiscal 2023, of which $0.25 per share was paid to stockholders in February 2023.
- As a result, the net amount of the second dividend installment that is ultimately received by JDS holders will be less than $0.25 per JDS.
- Techpoint anticipates that JDS holders will be paid the second installment of the fiscal 2023 dividend on or around August 25, 2023.
- Techpoint’s board of directors previously adopted a dividend policy to link dividend payments to business performance on an ongoing basis.