Microchip Technology (MCHP) Raises Quarterly Dividend 0.1% to $0.3635; 1.6% Yield

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Go back to Microchip Technology (MCHP) Raises Quarterly Dividend 0.1% to $0.3635; 1.6% Yield

Microchip Technology Declares Quarterly Cash Dividend Of 36.35 Cents Per Share

May 8, 2018 8:00 AM EDT

CHANDLER, Ariz., May 08, 2018 (GLOBE NEWSWIRE) -- Microchip Technology Incorporated (NASDAQ: MCHP), a leading provider of microcontroller, mixed-signal, analog and Flash-IP solutions, today announced that its Board of Directors has declared a quarterly cash dividend on its common stock of 36.35 cents per share.  The dividend is payable on June 4, 2018 to stockholders of record on May 21, 2018.  Microchip initiated quarterly cash dividend payments in the third quarter of fiscal year 2003 and has increased its dividend 56 times since its inception.

Microchip produced outstanding financial results in the March 2018 quarter including strong cash flows from operations, said... More