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Cypress Announces Quarterly Cash DividendSAN JOSE, Calif., Aug. 5, 2015 /PRNewswire/ -- Cypress Semiconductor Corp. (NASDAQ: CY) today announced that its Board of Directors has approved a quarterly cash dividend of $0.11 per share payable to holders of record of the Company's common stock at the close of business on September 24, 2015. This dividend will be paid on October 15, 2015. The dividend will be paid from U.S. domestic sources other than the Company's retained earnings and is expected to be treated as a return of capital for U.S. tax purposes for the 2015 fiscal year. Cypress's dividend policy and the payment of cash dividends under that policy are subject to the Board's continuing determination that the dividend policy and the declaration of dividends are in the best interests of Cypress's stockholders and are in compliance with all laws and agreements of Cypress applicable to the declaration and payment of cash dividends. The dividend policy may be changed or cancelled at the Company's discretion at any time. About Cypress Forward-Looking Statements IRS Circular 230 disclosure: To ensure compliance with requirements imposed by the IRS, we inform you that any tax advice contained in this communication, unless expressly stated otherwise, was not intended or written to be used, and cannot be used, for the purpose of (i) avoiding tax-related penalties under the Internal Revenue Code or (ii) promoting, marketing or recommending to another party any tax-related matter(s) addressed herein. Cypress, the Cypress logo, PSoC and CapSense are registered trademarks and F-RAM and Traveo are trademarks of Cypress Semiconductor Corp. All other trademarks are property of their owners. Logo - http://photos.prnewswire.com/prnh/20150506/214346LOGO
To view the original version on PR Newswire, visit:http://www.prnewswire.com/news-releases/cypress-announces-quarterly-cash-dividend-300123915.html SOURCE Cypress Semiconductor Corp. |