Xilinx Expects Q1 Sales To Be Approx. Flat Sequentially; Hikes Dividend

(RTTNews) - Xilinx, Inc. (XLNX) announced, for the first-quarter of fiscal 2017, the company expects sales to be approximately flat sequentially. Gross margin is expected to be 69% to 70%.

Xilinx reported fourth quarter sales of $571 million, up 1% from the fourth quarter of the prior fiscal year. Fourth quarter net income was $145 million, or $0.54 per share.

The Xilinx Board declared a quarterly cash dividend of $0.33 per outstanding share of common stock, an increase from the current dividend of $0.31 per share. The quarterly dividend increase will be effective in the June quarter, payable on June 8, 2016 to all stockholders of record at the close of business on May 18, 2016.