Infineon's Balanced Dividend and Buyback Strategy

For Infineon's dividend and buyback policy, here is the story. After nearly collapsing in 2009,

Infineon rebuilt its balance sheet and was profitable again by 2010. With around 2.4

billion euros in cash, investors began asking, "What are you going

to do with all that money?" So basically, here you can pick your fighter.

On one hand, there is a team dividend. So Infineon paid its first dividend

in over 10 years, so 10 cent per share. It wasn't about generosity; it was about confidence.

A small stable payout to show the market they were back on track. That's signaling

theory. On the other hand, there is a team buyback. They also did selective