Silicon Motion Tech (SIMO) Authorizes $54.3 Buyback
Tweet
Share
E-mailGet Alerts SIMO Hot Sheet
Join SI Premium – FREE
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.
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
- Phillips 66 board approves $10 billion share repurchase expansion
- Kidz AI expands share repurchase program to $3.0 million
- Silicon Motion Technology (SIMO) PT Raised to $350 at Roth/MKM
Create E-mail Alert Related Categories
Stock BuybacksRelated Entities
Dividend, Stock BuybackSign up for StreetInsider Free!
Receive full access to all new and archived articles, unlimited portfolio tracking, e-mail alerts, custom newswires and RSS feeds - and more!
