LEM Holding SA Approves Ordinary Dividend, Payable on 04 July 2019
June 28, 2019 at 07:58 am EDT
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LEM Holding SA approved appropriation of available earnings, and distribution of an ordinary dividend of CHF 42.00 per share, the net amount after Swiss withholding tax being CHF 27.30 payable on 04 July 2019, at its annual general meeting held on 27 June 2019. The dividend ex-date is on 02 July 2019.
Lem Holding SA is Switzerland-based holding company engaged in the electric measurement industry sector. The Company's core products are transducers for measuring electrical parameters like current and voltage, which are used in the industrial, traction, automation and automotive markets. The Company is organized, along with its subsidiaries, into two segments: the Industry segment develops, manufactures and sells electronic components called transducers for the measurement of current and voltage of various industrial applications, and the Automotive segment develops, manufactures and sells transducers for applications in automotive markets. The Companyâs current and voltage transducers are also used in alternating current and direct current (AC/DC) converters, uninterrupted power supply systems for computers, as well as in micro turbines, wind and solar power generation. The Company has production plants in Beijing, China; Geneva, Switzerland; Machida, Japan, and Sofia, Bulgaria.