UPDATE: Silicon Motion Technology (SIMO) Raises Quarterly Dividend 50% to $0.30; 2.3% Yield

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Go back to UPDATE: Silicon Motion Technology (SIMO) Raises Quarterly Dividend 50% to $0.30; 2.3% Yield

Silicon Motion Announces 50% Annual Dividend Increase

October 24, 2017 8:01 AM EDT

HONG KONG and MILPITAS, Calif., Oct. 24, 2017 (GLOBE NEWSWIRE) -- Silicon Motion Technology Corporation (NasdaqGS: SIMO) (Silicon Motion or the Company), a global leader in designing and marketing NAND flash controllers for solid state storage devices, announces today its annual cash dividend of $1.20 per ADS, a 50% increase from the $0.80 per ADS declared last year.

As the Companys growth and profitability have been strong, the Board has decided to increase its annual dividend payment to $1.20 per ADS1,2 which will be paid in four quarterly installments of $0.30 per ADS3 according to the following anticipated record... More