Microchip Technology Increases Quarterly Cash Dividend 3.6% Year-Over-Year to 45.5 Cents Per Share
Rhea-AI Summary
Microchip Technology (NASDAQ: MCHP) has announced a 3.6% year-over-year increase in its quarterly cash dividend to 45.5 cents per share, payable on December 6, 2024, to stockholders of record on November 22, 2024. The company has consistently increased its dividend payments since initiating them in fiscal year 2003, marking its 83rd dividend increase. Microchip serves approximately 116,000 customers across industrial, automotive, consumer, aerospace and defense, communications, and computing markets.
Positive
- 3.6% year-over-year dividend increase to 45.5 cents per share
- Consistent dividend payment history with 83 increases since 2003
- Large customer base of 116,000 across diverse market sectors
Negative
- None.
News Market Reaction
On the day this news was published, MCHP declined 1.78%, reflecting a mild negative market reaction.
Data tracked by StockTitan Argus on the day of publication.
CHANDLER, Ariz., Nov. 05, 2024 (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 December 6, 2024, to stockholders of record on November 22, 2024. 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 116,000 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.
INVESTOR RELATIONS CONTACT:
Sajid Daudi -- Head of investor Relations..... (480) 792-7385
The Microchip logo and name are registered trademarks of Microchip Technology Incorporated.
FAQ
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