This Day On The Street
Continue to site
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here

RDA Microelectronics Announces The Declaration Of A $1.20 Per ADS Special One-Time Cash Dividend

SHANGHAI, China, Sept. 13, 2012 (GLOBE NEWSWIRE) -- RDA Microelectronics (Nasdaq:RDA) ("RDA Microelectronics" or the "Company"), a fabless semiconductor company that designs, develops and markets Radio Frequency (RF) and mixed-signal wireless SoC semiconductors for cellular, connectivity and broadcast applications, today announced that its Board of Directors declared a special one-time cash dividend of US$0.20 per ordinary share, or US$1.20 per American depositary share ("ADS"), each representing six ordinary shares of the Company. The cash dividend will be payable on October 18, 2012 to shareholders of record at the close of business on October 1, 2012. Dividends to be paid to the Company's ADS holders through the depositary bank will be subject to the terms of the deposit agreement, including the fees and expenses payable thereunder.

The board of directors authorized and approved the Company's payment of this special one-time, cash dividend in the aggregate amount of approximately US$57 million. As of June 30, 2012, the Company had a total of approximately US$159.0 million in cash, cash equivalents and short-term investments.

Vincent Tai, chairman and CEO of RDA Microelectronics, commented, "We are pleased to announce this special one-time dividend as a result of our strong balance sheet and exceptional financial performance over the past several years. In 2011, we grew our revenue by 51% and generated over US$63 million in cash flow from operations, which we have extended into the first half of 2012 by generating approximately US$39 million in operating cash flow. We have invested US$36 million in cash in total for the baseband technology from Coolsand and digital TV SoC IP from Trident. We believe we have acquired all of the key know-how to support the Company's growth in the next three to five years. Our ability to rapidly grow our business and generate consistent cash flow has provided us the resources to bring a return of capital to our shareholders without impacting our investment in R&D and pursuit of strategic growth opportunities. This special dividend is the first in our Company's history and underscores our commitment to delivering value to our shareholders."

1 of 2

Check Out Our Best Services for Investors

Action Alerts PLUS

Portfolio Manager Jim Cramer and Director of Research Jack Mohr reveal their investment tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
Quant Ratings

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
Stocks Under $10

David Peltier uncovers low dollar stocks with serious upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
14-Days Free
Only $9.95
14-Days Free
Dividend Stock Advisor

David Peltier identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Updates with exact steps to take - BUY, HOLD, SELL
Trifecta Stocks

Every recommendation goes through 3 layers of intense scrutiny—quantitative, fundamental and technical analysis—to maximize profit potential and minimize risk.

Product Features:
  • Model Portfolio
  • Intra Day Trade alerts
  • Access to Quant Ratings
Real Money

More than 30 investing pros with skin in the game give you actionable insight and investment ideas.

Product Features:
  • Access to Jim Cramer's daily blog
  • Intraday commentary and news
  • Real-time trading forums
Only $49.95
14-Days Free
14-Days Free
AAPL $93.89 0.20%
FB $102.31 0.39%
GOOG $684.98 0.27%
TSLA $149.38 -0.72%
YHOO $27.11 1.30%


Chart of I:DJI
DOW 15,893.37 +233.19 1.49%
S&P 500 1,857.87 +28.79 1.57%
NASDAQ 4,323.5370 +56.70 1.33%

Free Reports

Top Rated Stocks Top Rated Funds Top Rated ETFs