Business Context and Reporting Period
This Form 6-K filing by STMicroelectronics N.V. is dated April 3, 2008, and references a press release issued on April 2, 2008. The document serves to announce the specific record and payment dates for a cash dividend proposed by the Supervisory Board for approval at the Annual General Meeting scheduled for May 14, 2008, in Amsterdam.
Key Financial Metrics
The filing does not provide current period revenue, profit, cash flow, margins, debt, or liquidity metrics. The only financial figure disclosed is the proposed cash dividend of US$0.36 per share, to be distributed in four equal quarterly installments. Historical context notes that the Company's net revenues were $10 billion in 2007.
Material Changes
No material changes in financial performance or operations are reported in this filing. The document solely details the administrative schedule for the proposed dividend distribution.
Guidance, Outlook, and Dividend Schedule
Management has proposed a total cash dividend of US$0.36 per share. If approved, the distribution will occur in four installments. The schedule is as follows:
| Quarter | Ex-Dividend Date | Europe Payment Date | NYSE Record Date | NYSE Payment Date |
|---|---|---|---|---|
| Q2 2008 | May 19, 2008 | May 19, 2008 | May 21, 2008 | On or after May 27, 2008 |
| Q3 2008 | Aug 18, 2008 | Aug 18, 2008 | Aug 20, 2008 | On or after Aug 26, 2008 |
| Q4 2008 | Nov 24, 2008 | Nov 24, 2008 | Nov 26, 2008 | On or after Dec 2, 2008 |
| Q1 2009 | Feb 23, 2009 | Feb 23, 2009 | Feb 25, 2009 | On or after Mar 3, 2009 |
Transfers between New York and European registered shares will be restricted during specific windows preceding each payment date.
Investor Verification Checklist
- Confirm the approval of the US$0.36 per share dividend at the Annual General Meeting on May 14, 2008.
- Verify the specific ex-dividend date (May 19, 2008) for the first installment to ensure eligibility.
- Note the transfer restrictions between NYSE and Dutch registered shares from May 16 to May 22, 2008.
- Review the 2007 net revenue of $10 billion as the most recent full-year performance metric available in this text.