Silicon Motion Technology (SIMO) Declares $0.30 Quarterly Dividend; 3.2% Yield

Silicon Motion Technology (NASDAQ: SIMO) declared a quarterly dividend of $0.30 per share, or $1.2 annualized.

The dividend will be payable on November 23, 2018, to stockholders of record on November 9, 2018, with an ex-dividend date of November 8, 2018.

The annual yield on the dividend is 3.2 percent.

“While the Company’s profitability, cash flow and long-term outlook continues to be strong, the Board has decided to maintain the same annual dividend as last year given the current volatile global economic conditions and uncertainty,” said Wallace Kou, President and CEO of Silicon Motion. “The Board will revisit our annual dividend in January 2019, in conjunction with the timing of our annual operational planning to better align decisions about our dividend with business, earnings and cash flow goals and objectives.”

For a dividend history and other dividend-related data on Silicon Motion Technology (SIMO) click here.

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