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Subsequent Events
12 Months Ended
Dec. 31, 2019
Subsequent Events
V.    SUBSEQUENT EVENTS
In January
2020
, Teradyne’s Board of Directors declared a quarterly cash dividend of $0.10 per share to be paid on
March 20, 2020
to shareholders of record as of
February 21, 2020
.
While Teradyne declared a quarterly cash dividend and authorized a share repurchase program, it may reduce or eliminate the cash dividend or share repurchase program in the future. Future cash dividends and stock repurchases are subject to the discretion of Teradyne’s Board of Directors which will consider, among other things, Teradyne’s earnings, capital requirements and financial condition.
On February 28, 2020, RealWear’s debt holder demanded repayment of its $25.0 million loan to RealWear. As a result, in the fourth quarter of 2019, Teradyne recorded an impairment charge of $15.0 million to reduce its investment in RealWear to zero as of December 31, 2019.