Teradyne Declares Quarterly Cash Dividend and Increases Share Repurchase Plan for 2024
11 November 2024 - 11:35PM
Business Wire
Teradyne, Inc. (NASDAQ:TER) today announced a quarterly cash
dividend of $0.12 per share, payable on December 18, 2024, to
shareholders of record as of the close of business on November 25,
2024.
Teradyne also plans to repurchase up to an additional $100
million of its common stock in the remainder of 2024 as part of its
previously announced $2 billion share repurchase program. This is
an increase from its previously announced intention to repurchase
common stock in an amount necessary to offset dilution from equity
compensation and its employee share repurchase program.
About Teradyne
Teradyne (NASDAQ:TER) test technology helps bring high-quality
innovations such as smart devices, life-saving medical equipment
and data storage systems to market, faster. Its advanced test
solutions for semiconductors, electronic systems, wireless devices
and more ensure that products perform as they were designed. Its
robotics offerings include collaborative and mobile robots that
help manufacturers of all sizes increase productivity, improve
safety, and lower costs. In 2023, Teradyne had revenue of $2.7
billion and today employs over 6,500 people worldwide. For more
information, visit teradyne.com. Teradyne® is a registered
trademark of Teradyne, Inc., in the U.S. and other countries.
Safe Harbor Statement
This release contains forward-looking statements regarding
future business prospects, Teradyne's results of operations, market
conditions and the payment of a quarterly dividend. Such statements
are based on the current assumptions and expectations of Teradyne's
management and are neither promises nor guarantees of future
performance or future payment of dividends. Future dividend
declarations, as well as record and payment dates, are subject to
board approval.
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version on businesswire.com: https://www.businesswire.com/news/home/20241111568096/en/
Traci Tsuchiguchi Investor Relations Tel: 978.370.2444
investorrelations@teradyne.com
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