Microchip Technology Declares 45.5 Cents Quarterly Dividend
Microchip Technology Announces Quarterly Cash Dividend
Microchip Technology Incorporated, a prominent name in the realm of embedded control solutions, has pledged a quarterly cash dividend of 45.5 cents per share. This announcement by the company reflects its ongoing commitment to return value to its stockholders. The Board of Directors made this official declaration recently, underscoring the company's steadfast financial health and operational efficiency.
Key Details of the Dividend
The quarterly cash dividend is scheduled for distribution on September 5 of this year, a gesture that aims to reward current stockholders. To qualify for this dividend, stockholders need to be on record by August 22. This continued commitment to dividend distribution illustrates Microchip's consistent approach to providing value to its investors.
History of Dividend Payments
Since initiating its quarterly cash dividend payments in the third quarter of the 2003 fiscal year, Microchip has showcased a robust dividend policy, further evidencing its growth trajectory and strong cash flow position. Regular dividends are a sign of a well-managed company, and Microchip’s reliability in this regard is something investors have come to expect.
About Microchip Technology Incorporated
Microchip Technology Incorporated specializes in providing smart and secure embedded control solutions. With a vast array of products and easy-to-use development tools, the company enables customers to develop optimal designs efficiently. Their extensive portfolio is designed to mitigate risk while lowering overall system costs and expediting time to market.
Customer Base and Market Reach
Microchip’s solutions cater to an impressive diverse clientele, serving approximately 105,000 customers across various sectors including industrial, automotive, consumer, aerospace, defense, communications, and computing. This broad reach demonstrates the company’s adaptability and capability to meet varied industry needs while ensuring quality and proficient support.
Commitment to Quality and Support
Headquartered in Chandler, Arizona, Microchip strongly emphasizes providing outstanding technical assistance, dependable product delivery, and consistent quality to its clients. This ongoing commitment establishes trust and reinforces client confidence in Microchip's advanced technologies and services.
Future Perspectives
Looking ahead, Microchip Technology Incorporated continues to focus on leveraging innovation to increase its market presence. As industries evolve and require more sophisticated solutions, Microchip is well-positioned to remain a leader due to its foundational strengths in product development and customer service.
Investor Relations
For those interested in learning more or reaching out, Microchip's investor relations can be contacted via Sajid Daudi, Head of Investor Relations, at (480) 792-7385. Engaging with investors demonstrates the company's transparency and commitment to fostering a strong relationship with its stakeholders.
Frequently Asked Questions
What is the dividend amount declared by Microchip Technology?
The company declared a quarterly cash dividend of 45.5 cents per share.
When will the dividend payments be made?
The dividend is scheduled for payment on September 5.
What is the record date for stockholders?
Stockholders need to be on record by August 22 to qualify for the dividend.
How long has Microchip been paying dividends?
Microchip initiated its quarterly cash dividend payments in the third quarter of fiscal year 2003.
Who can I contact for investor relations inquiries?
Sajid Daudi, the Head of Investor Relations, is available for contact at (480) 792-7385.
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