Xilinx Tops Earnings Estimates and Sales Expectations

Xilinx Tops Earnings Estimates and Sales Expectations

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San Jose-based tech company Xilinx (XLNX) has announced first quarter fiscal 2014 sales of $579 million, up 9% from the previous quarter, and a 25 cent dividend per share.
After last quarter’s struggle, the Xilinx Board of Directors were excited to announce strong gains in Operating income, up 31%, and Net income, up 20%, along with sales growth. Earnings per share are up to 56 cents from last quarter and  last year where the company hovered at 47 cents per share.

Xilinx shares were up 24 cents, or 0.57% when the closing bell rang Wednesday. The stock is up 17% year-to-date.

The Bottom Line
Shares of Xilinx (XLNX) have a dividend yield of 2.30% based on Wednesday’s closing price of $43.53 and the company’s annualized dividend payout of $1 per share.

Xilinx (XLNX) is not recommended at this time, holding a Dividend.com DARS™ Rating of 3.4 out of 5 stars.

Be sure to visit our complete recommended list of the Best Dividend Stocks, as well as a detailed explanation of our ratings system here.

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