Microchip Technology Announces Quarterly Cash Dividend of 45.5 Cents per Share
Microchip Technology (NASDAQ: MCHP) has declared a quarterly cash dividend of 45.5 cents per share, payable on March 7, 2025, to stockholders of record on February 24, 2025.
Sentiment and the balance of points
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Rhea-AI Summary
Microchip Technology (NASDAQ: MCHP) has declared a quarterly cash dividend of 45.5 cents per share, payable on March 7, 2025, to stockholders of record on February 24, 2025. The company has maintained a consistent dividend payment history since initiating quarterly payments in the third quarter of fiscal year 2003, having increased its dividend 83 times since then.
The company serves approximately 112,000 customers across industrial, automotive, consumer, aerospace and defense, communications, and computing markets. Based in Chandler, Arizona, Microchip specializes in providing smart, connected, and secure embedded control solutions, offering development tools and a comprehensive product portfolio focused on reducing system costs and time to market.
Positive
- Consistent dividend payment history since 2003
- 83 consecutive dividend increases demonstrate strong financial stability
- Large customer base of 112,000 across diverse market sectors
Negative
- None.
Details
News Market Reaction – MCHP
The recorded move for MCHP in the trading session of this news was -2.30%.
Data tracked by StockTitan Argus. Session date unavailable.
AI-generated analysis. How Rhea-AI works. Not financial advice.
CHANDLER, Ariz., Feb. 06, 2025 (GLOBE NEWSWIRE) -- (NASDAQ: MCHP) – Microchip Technology Incorporated, a leading provider of smart, connected, and secure embedded control solutions, today announced that its Board of Directors declared a quarterly cash dividend on its common stock of 45.5 cents per share. The dividend is payable on March 7, 2025, to stockholders of record on February 24, 2025. Microchip initiated quarterly cash dividend payments in the third quarter of fiscal year 2003 and has increased its dividend 83 times since then.
About Microchip:
Microchip Technology Incorporated is a leading provider of smart, connected and secure embedded control solutions. Its easy-to-use development tools and comprehensive product portfolio enable customers to create optimal designs, which reduce risk while lowering total system cost and time to market. The company's solutions serve approximately 112,000 customers across the industrial, automotive, consumer, aerospace and defense, communications and computing markets. Headquartered in Chandler, Arizona, Microchip offers outstanding technical support along with dependable delivery and quality. For more information, visit the Microchip website at www.microchip.com.
The Microchip logo and name are registered trademarks of Microchip Technology Incorporated.
INVESTOR RELATIONS CONTACT:
Sajid Daudi -- Head of investor Relations..... (480) 792-7385
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