Microchip Technology (MCHP) Raises Quarterly Dividend 0.1% to $0.3635; 1.6% Yield
Microchip Technology (NASDAQ: MCHP) declared a quarterly dividend of $0.3635 per share, or $1.454 annualized. This is a 0.1% increase from the prior dividend of $0.3630.
The dividend will be payable on June 4, 2018, to stockholders of record on May 21, 2018, with an ex-dividend date of May 18, 2018.
The annual yield on the dividend is 1.6 percent.
“Microchip produced outstanding financial results in the March 2018 quarter including strong cash flows from operations,” said Steve Sanghi, Chief Executive Officer. “Our Board of Directors is pleased to declare an increase in our quarterly dividend to a record 36.35 per share, which continues to reflect our ongoing commitment to returning value to our stockholders.”
For a dividend history and other dividend-related data on Microchip Technology (MCHP) click here.