Microchip Technology, Inc. (MCHP) Declares $0.354 Quarterly Dividend; 3.6% Yield

Microchip Technology, Inc. (NASDAQ: MCHP) declared a quarterly dividend of $0.354 per share, or $1.416 annualized.

The dividend will be payable on September 4, 2013, to stockholders of record on August 21, 2013, with an ex-dividend date of August 19, 2013.

The annual yield on the dividend is 3.6 percent.

“Microchip’s first quarter of fiscal 2014 financial performance was outstanding. We grew our cash and investment balance to almost $1.9 billion, and our cash generation continues to be very strong,” said Steve Sanghi, President, Chief Executive Officer and Chairman of the Board. “Our Board of Directors authorized an increase in our quarterly cash dividend to a record 35.4 cents per share, which continues to reflect our ongoing commitment to returning value to stockholders.”

For a dividend history and other dividend-related data on Microchip Technology, Inc. (MCHP) click here.

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