VSH - Vishay Intertechnology announces additional 6M shares for repurchases

• Vishay Intertechnology ( NYSE: VSH ) has announced a board authorization for the repurchase of an additional 6M shares of its common stock, effective from July 2, 2022.
• The additional authorization will support the operation of its stockholder return policy for the foreseeable future.
• In February 2022, Vishay board approved a stockholder return policy, pursuant to which the firm expects to annually return to stockholders at least 70% of free cash flow, net of scheduled principal payments of long-term debt, directly in the form of dividends, or indirectly, in the form of stock repurchases.
• As of Aug. 15, 2022, Vishay ( VSH ) has paid aggregate dividends of $28.8M and has purchased ~2.3M shares of common stock in open market transactions for ~$43.4M.
• The firm also declared a $0.10/share quarterly dividend yesterday

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