Silicon Motion Tech (SIMO) Authorizes $54.3 Buyback

January 22, 2013 8:09 AM EST Send to a Friend
Silicon Motion Technology Corporation (Nasdaq: SIMO) announces today that its Board of Directors has authorized a new share repurchase program and has also approved its first quarterly cash dividend.

The new stock repurchase program authorizes the Company to purchase up to $40 million of its American Depositary Shares ("ADS") over a 12 month period. Since authorizing its first stock repurchase program in March 2008, the Company has spent $54.3 million to repurchase and retire 6.2 million ADSs.


Serious News for Serious Traders! Try StreetInsider.com Premium Free!

You May Also Be Interested In





Related Categories

Stock Buybacks

Related Entities

Dividend, Stock Buyback

Add Your Comment