MKS Instruments Increases Quarterly Cash Dividend
12 May 2021 - 11:00PM
MKS Instruments, Inc. (NASDAQ: MKSI), a global provider of
technologies that enable advanced processes and improve
productivity, today announced that its Board of Directors has
authorized a quarterly cash dividend of $0.22 per share, a ten
percent increase compared to the prior quarterly dividend. The
dividend will be payable on June 11, 2021 to shareholders of record
as of May 31, 2021.
“Our continued execution on our long-term goal of profitable and
sustainable growth has enabled us to generate strong free cash
flow, while continuing to invest in future growth opportunities.”
said John T.C. Lee, President and Chief Executive Officer. “This
increase in our quarterly dividend reflects our strong financial
position, our confidence in our business model, and our commitment
to enhancing shareholder value.”Future dividend declarations, as
well as the record and payment dates for such dividends, are
subject to the final determination of the company's Board of
Directors. About MKS InstrumentsMKS Instruments,
Inc. is a global provider of instruments, systems, subsystems and
process control solutions that measure, monitor, deliver, analyze,
power and control critical parameters of advanced manufacturing
processes to improve process performance and productivity for our
customers. Our products are derived from our core competencies in
pressure measurement and control, flow measurement and control, gas
and vapor delivery, gas composition analysis, electronic control
technology, reactive gas generation and delivery, power generation
and delivery, vacuum technology, lasers, photonics, optics,
precision motion control, vibration control and laser-based
manufacturing systems solutions. We also provide services relating
to the maintenance and repair of our products, installation
services and training. Our primary served markets include
semiconductor, industrial technologies, life and health sciences,
and research and defense. Additional information can be found at
www.mksinst.com.Safe Harbor for Forward-Looking
StatementsThis release contains forward-looking statements
within the meaning of the Private Securities Litigation Reform Act
of 1995, Section 27A of the Securities Act of 1933 and 21E of the
Securities Exchange Act of 1934 regarding MKS’ dividend program and
any future dividend payment obligations. Any statements that are
not statements of historical fact should be considered to be
forward-looking statements. Actual events or results may differ
materially from those in the forward-looking statements set forth
herein. Among the important factors that could cause actual events
to differ materially from those in the forward-looking statements
are cash available for distribution, the then current and expected
needs and availability of cash to pay MKS’ obligations, and the
other factors described in MKS’ Annual Report on Form 10-K for the
year ended December 31, 2020 and any subsequent Quarterly Reports
on Form 10-Q, as filed with the SEC. MKS is under no obligation to,
and expressly disclaims any obligation to, update or alter these
forward-looking statements, whether as a result of new information,
future events or otherwise after the date of this press
release.
Investor Relations Contact: David RyzhikVice President, Investor
RelationsTelephone: 978.557.5180Email: david.ryzhik@mksinst.com
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