SAN JOSE, Calif., March 14, 2011 -- Xilinx, Inc. (Nasdaq: XLNX) today announced that its Board of Directors has increased the quarterly cash dividend from $0.16 to $0.19 per outstanding share of common stock, payable on June 8, 2011 to all stockholders of record at the close of business on May 18, 2011. "The increase in our quarterly dividend reflects our strong and consistent operating cash flow as well as our commitment to returning shareholder value," said Moshe Gavrielov, Xilinx President and Chief Executive Officer.
Xilinx also reiterated its sales guidance for the March quarter of fiscal 2011. March quarter sales are expected to be flat to up 5% sequentially, consistent with the Company's previous guidance. This guidance assumes that the Company's shipments to customers in Japan are not affected by the recent events there. The Company is still in the process of assessing the situation in Japan.
No conference call will be held in conjunction with this business update. Additional commentary pertaining to the March quarter will be available when the Company reports its March quarter financial results on April 27, 2011.
The Company will be hosting its Annual Analyst Meeting in New York City today. Additional details pertaining to this event as well as access to the live webcast are available from the investor relations website at http://investor.xilinx.com.
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Xilinx is the world's leading provider of programmable platforms. For more information, visit http://www.xilinx.com.