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AUO dividend and share authorization +2

11:08 11-Mar-16


AUO has announced two items of interest for its shareholder's meeting, which will occur on June 16th.  The first is a dividend of 0.35 NT (New Taiwan dollars) per share.  At current exchange rates, this equates to a little over 10 U.S. cents per NYSE ADR, or 3.5% annual yield.  The shares typically go ex-dividend in early July, with payment in late August.  I note that the trend of U.S. dollar strength has reversed recently.  If that continues then the yield would rise proportionately.

The second item is authorization to issue up to 950M shares, or just under 10% dilution, in order to finance new technology build-out.  If issued, the shares could be publicly or privately placed.  My thoughts again look to a possible Apple equity stake.