CHICAGO--Littelfuse, Inc., (NASDAQ:LFUS) today announced that its board of directors declared a dividend on the company's common stock of $0.33 per share for the third quarter of 2016. This represents a 13.8 percent increase from the prior dividend rate of $0.29 per share. The dividend equates to an annualized dividend rate of $1.32 per share. The dividend will be paid on September 8, 2016 to shareholders of record as of August 25, 2016.
“This is our sixth consecutive year of double-digit growth in our dividend rate. We remain committed to a capital allocation strategy which balances acquisitions that align with our growth strategies, with the return of capital to investors,” said Gordon Hunter, chief executive officer.
“Safe Harbor” Statement under the Private Securities Litigation Reform Act of 1995.
The statements in this press release that are not historical facts are intended to constitute "forward-looking statements" entitled to the safe-harbor provisions of the PSLRA. These statements may involve risks and uncertainties, including, but not limited to, dividend policy, capital allocation and those described in the company’s periodic reports on file with the Securities and Exchange Commission. Such risks, uncertainties and other factors may cause actual results to differ materially from those anticipated. For a further discussion of the risk factors of the company, please see Item 1A. "Risk Factors" to the company's Annual Report on Form 10-K for the year ended January 2, 2016.
Founded in 1927, Littelfuse is the world leader in circuit protection with growing global platforms in power control and sensing. The company serves customers in the electronics, automotive and industrial markets with technologies including fuses, semiconductors, polymers, ceramics, relays and sensors. Littelfuse has nearly 10,000 employees in more than 40 locations throughout the Americas, Europe and Asia. For more information, please visit the Littelfuse website: Littelfuse.com.