Memory module maker Silicon Power Computer & Communications will hand out total dividends of NT$2.50 (US$0.09) - NT$1.50 in cash and NT$1 in shares - for 2010, according to a resolution passed by the company's board of directors.
Silicon Power's board also approved plans to set up a wholly-owned subsidiary in the US. Headquartered in Taiwan, Silicon Power has branch offices in China, India, Japan, Russia and the Netherlands.
Silicon Power is expected to report an EPS of NT$5 for 2010 thanks to a larger contribution from high-margin products, the Chinese-language news website cnYES.com cited industry observers as reporting on April 12. For the first 11 months of 2010, Silicon Power's net profits amounted to NT$194 million or NT$4.28 a share.
Silicon Power is scheduled to hold its annual shareholders meeting on June 28.
Silicon Power made its debut listing on the Taiwan emerging stock market earlier in 2011. The company plans to submit an application to list on Taiwan's over-the-counter (OTC) market in the second half of the year, it was quoted as saying in previous reports.
Silicon Power posted NT$612 million in March revenues, up 52% sequentially. Revenues for the first quarter of 2011 totaled NT$1.63 billion.
Silicon Power develops and manufactures NAND flash memory devices, DRAM modules, solid-state drives (SSD) and external hard drives. The company also supplies products that support the next-generation USB 3.0 transfer interface.
Article translated by Jessie Shen
