Xilinx Board Declares Special Dividend, Conditioned on AMD Merger

By Stephen Nakrosis

Xilinx Inc. on Wednesday said its board approved a special dividend that will only be payable if the company's previously announced merger with Advanced Micro Devices Inc. isn't closed by the record date of the dividend.

Xilinx said, "As previously announced, the parties believe that the transaction will close in the first quarter of 2022."

The special dividend of 37 cents per common share would be payable on Feb. 14 to shareholders of record at the close of business on Feb. 7, the company said.

In October 2020, Advanced Micro Devices said it planned to buy rival chip maker Xilinx in a $35 billion all-stock deal.

After the bell, Xilinx reported third-quarter earnings per share of $1.19 on revenue of $1.01 billion. In the year-ago period, the company reported earnings per share of 69 cents on revenue of $803 million.

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(END) Dow Jones Newswires

01-26-22 1719ET