Business Context and Reporting Period
This Form 6-K filing by STMicroelectronics N.V. (NYSE: STM), dated March 24, 2023, serves as a notice of the publication of the company's IFRS 2022 Annual Report. The report covers the twelve-month period ended December 31, 2022. STMicroelectronics is a global semiconductor leader and integrated device manufacturer serving over 200,000 customers across mobility, power management, and IoT sectors.
Key Financial Metrics
The filing text does not provide specific numerical values for revenue, profit, cash flow, margins, debt, or liquidity. These metrics are contained within the full IFRS 2022 Annual Report referenced in the filing but are not detailed in this press release enclosure.
Material Changes
The filing does not disclose specific material changes in financial performance versus the prior comparable period. It confirms the availability of the audited financial statements for the 2022 fiscal year.
Guidance, Outlook, and Dividend Proposal
The Supervisory Board has proposed a cash dividend of US$ 0.24 per outstanding share of common stock to be voted on at the 2023 Annual General Meeting. The dividend is to be distributed in quarterly installments of US$ 0.06 as follows:
- Q2 2023: Ex-dividend June 26, 2023; Payment June 28, 2023 (Europe) / July 5, 2023 (NYSE).
- Q3 2023: Ex-dividend September 18, 2023; Payment September 20, 2023 (Europe) / September 26, 2023 (NYSE).
- Q4 2023: Ex-dividend December 11, 2023; Payment December 13, 2023 (Europe) / December 19, 2023 (NYSE).
- Q1 2024: Ex-dividend March 18, 2024; Payment March 20, 2024 (Europe) / March 26, 2024 (NYSE).
Management commentary highlights the company's commitment to becoming carbon neutral by 2027 and its role in enabling smarter mobility and sustainable energy management.
Investor Verification Checklist
- Verify the full audited financial results for the year ended December 31, 2022, by accessing the IFRS Annual Report on the company website (www.st.com) or the AFM website.
- Confirm the final approval of the US$ 0.24 per share dividend proposal at the 2023 Annual General Meeting of Shareholders.
- Review the specific dates for record and payment to ensure eligibility for the quarterly dividend installments.
- Check for any updates regarding the 2023 Annual General Meeting schedule as promised by the company.