LEM Holding SA Proposes Increase in Dividend, Payable on July 4, 2019
May 22, 2019 at 01:01 am EDT
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The Board of Directors of LEM Holding SA proposed an increased dividend of CHF 42 per share (CHF 40 for 2017/18), payable on 4 July 2019. The proposal follows LEM's dividend policy of distributing significantly more than 50% of its consolidated net profit to shareholders and corresponds to a payout ratio of 91.4%. Dividend ex-date is 2 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.
LEM HOLDING SA 
