Monday, June 30, 2014

Koninklijke Philips NV to Spin Off Lumileds Lighting (PHG)

Netherlands-based Koninklijke Philips NV (PHG) announced on Monday morning that it plans to spin off Lumiled Lightning, which will be combined with the company’s automotive lighting business.

The combined businesses to be spun off contributed 17% of Philips’ total lighting sales in 2013, according to MarketWatch. Philips is looking for outside investors for the Lumiled spin-off, while the company will continue to focus on activities with higher margins.

The spun-off businesses will focus on manufacturing LED components that are used in traffic lights, TVs, and smartphones, while Philips Lighting will “focus on selling integrated lighting systems and services and the software needed to operate those systems.”

PHG stock was up 83 cents, or 2.72%, in pre-market trading. YTD, the company’s stock is down 16.86%.

PHG Dividend Snapshot

As of Market Close on June 27, 2014


WMT dividend yield annual payout payout ratio dividend growth

Click here to see the complete history of PHG dividends.

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1 comment:

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