Silicom Ltd. (NASDAQ:SILC) (TASE:SILC)
today announced that its Board of Directors has declared a cash dividend in the amount of US $0.55 per share in respect of its 2012 results, representing an aggregate distribution of approximately US $3.9 million. The dividend will be payable on April 17, 2013 to all shareholders of record at the close of the NASDAQ Global Market on April 4, 2013.
“Following our January 2013 decision to implement a dividend policy, and given our cash balance of nearly $57 million and visibility for continued accelerated growth, we are very pleased to share our success more directly with our shareholders,” stated Shaike Orbach, Silicom’s President and CEO. “We believe that the perfect fit between our strategy and products on the one hand, and the critical short- and long-term needs of the Networking and Data Infrastructure Industry on the other, will continue to drive our momentum, even beyond our 2012 results, which broke all previous records across all parameters. As a result, we are now positioned to rise to a whole new level, both in our performance and in the value we provide to our shareholders.”
Silicom Ltd. is an industry-leading provider of high-performance networking and data infrastructure solutions. Designed primarily to increase data center efficiency, Silicom’s solutions dramatically improve the throughput and availability of networking appliances and other server-based systems.
Silicom’s products are used by a large and growing base of OEM customers, many of whom are market leaders, as performance-boosting solutions for their offerings in the Application Delivery, WAN Optimization, Security and other mission-critical segments within the fast-growing virtualization, cloud computing and big data markets. Silicom’s product portfolio includes multi-port 1/10 Gigabit Ethernet server adapters, Intelligent Bypass solutions, Encryption accelerators and a variety of innovative Smart adapters. These products are available for incorporation directly into our OEM customers' systems, or provided as part of Silicom’s patented SETAC (Server To Appliance Converter), a unique approach to the provision of high quality standard platforms with modular front connectivity.