Microchip Technology (MCHP) Raises Quarterly Dividend 5.9% to $0.413; 1.1% Yield

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Microchip Technology Declares Quarterly Cash Dividend Increase to 41.3 Cents Per Share

May 6, 2021 4:15 PM EDT

CHANDLER, Ariz., May 06, 2021 (GLOBE NEWSWIRE) -- (NASDAQ: MCHP) Microchip Technology Incorporated, a leading provider of smart, connected and secure embedded control solutions, today announced that its Board of Directors has declared a quarterly cash dividend on its common stock of 41.3 cents per share. The dividend is payable on June 4, 2021 to stockholders of record on May 21, 2021. Microchip initiated quarterly cash dividend payments in the third quarter of fiscal year 2003 and has increased its dividend 67 times since its inception.

Microchips financial performance in the March 2021 quarter was very strong driving significant cash generation and debt... More