Microchip Technology (MCHP) Raises Quarterly Dividend 37.8% to $0.301; 1.7% Yield

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Go back to Microchip Technology (MCHP) Raises Quarterly Dividend 37.8% to $0.301; 1.7% Yield

Microchip Technology Declares 37.8% Year-Over-Year Quarterly Cash Dividend Increase to 30.1 Cents per Share

August 2, 2022 4:15 PM EDT

CHANDLER, Ariz., Aug. 02, 2022 (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 declared a quarterly cash dividend on its common stock of 30.1 cents per share. The dividend is payable on September 2, 2022, to stockholders of record on August 19, 2022. Microchip initiated quarterly cash dividend payments in the third quarter of fiscal year 2003 and has increased its dividend 71 times since its inception.

Microchips financial performance in the June 2022 quarter was very strong, resulting in solid cash generation and... More