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Microchip Technology announced 4th dividend hike for 2024

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Microchip Technology (MCHP) will raise its quarterly dividend by another 0.2 percent to $0.455 per share. This is the 4th small dividend hike in 2024 and marks 22 years in a row of increased dividends by the semiconductor company. Dividend growth however has slowed down for MCHP this year with a total increase of just 3.6%.

Microchip Technology hikes dividend by 9.1%

Microchip Technology (MCHP) will raise its quarterly dividend by another 9.1 percent to $0.276 per share. This follows a dividend hike of 6.2 percent to 23.20 cents per share in Q1 and marks 20 years in a row of increased dividends by the semiconductor company. The next MCHP dividend is payable on June 3, 2022, to stockholders of record on May 20, 2022. Microchip initiated quarterly cash dividend payments in the third quarter of fiscal year 2003 and has increased its dividend 70 times since its inception. A new $1.10 per share annual dividend will yield 1.7% at a stock price of $64. “Microchip’s financial performance in the March 2022 quarter was very strong, resulting in solid cash generation and significant debt reduction,” said Steve Sanghi, Executive Chair. “Today, our Board of Directors approved a sequential increase in our dividend of 9.1% to 27.6 cents per share, up from our February dividend of 25.3 cents per share. Also, our Board is now targeting to increase our dividend at l...

Microchip Technology hikes dividend by 6.2%

Microchip Technology (MCHP) will raise its quarterly dividend by another 6.2 percent to $0.253 per share in Q1 of 2022. This marks 20 years in a row of increased dividends by the semiconductor company. The next MCHP dividend is payable on March 8, 2022, to stockholders of record on February 22, 2022. Microchip initiated quarterly cash dividend payments in the third quarter of fiscal year 2003 and has increased its dividend 69 times since its inception.  Microchip Technology Incorporated manufactures specialized semiconductor products used for  embedded control applications. Its product portfolio targets the automotive, communications, computing, consumer and industrial control markets. Microchip is headquartered in Chandler, Arizona. Microchip was incorporated in Delaware in 1989 and initiated quarterly cash dividend payments in the third quarter of fiscal year 2003. The company typically raises its dividend a little bit every quarter but doesn't do big dividend hikes like man...

Microchip Technology hikes dividend by 6.2%

Microchip Technology (MCHP) will raise its quarterly dividend by another 6.2 percent to 23.20 cents per share. This follows a dividend hike of 5.8 percent in the previous quarter and marks the 4th dividend hike in 2021. The dividend MCHP dividend of $0.232 per share is payable on December 3, 2021, to stockholders of record on November 19, 2021. Microchip initiated quarterly cash dividend payments in the third quarter of fiscal year 2003 and has increased its dividend 68 times since its inception. “Microchip’s financial performance in the September 2021 quarter was very strong, resulting in significant cash generation and debt reduction,” said Steve Sanghi, Executive Chair. “Today, our Board of Directors approved a sequential increase in our dividend of 6.2% to 23.2 cents per share, up from our August dividend of 21.85 cents on a split-adjusted basis, reflecting confidence in the cash-generating capability of our business, as well as our ongoing commitment to returning capital to our st...

Microchip Technology hikes dividend by 5.8%

Microchip Technology (MCHP) will raise its quarterly dividend by another 5.8 percent to 43.7 cents in 2021, marking the 3rd dividend hike announced YTD. This new increase follows a 5.9 percent hike to 41.3 cents quarterly in Q2 of 2021. The next quarterly dividend is payable September 3, 2021 to stockholders of record on August 20, 2021. Microchip initiated quarterly cash dividend payments in the third quarter of fiscal year 2003 and has increased its dividend 68 times since its inception. The new annual dividend rate of approximately $1.75 per share yields 1.2% at a stock price of $147. Microchip initiated quarterly cash dividend payments in the third quarter of fiscal year 2003. Currently the company pays approximately $471 million in dividends to shareholders annually. Because of the much bigger dividend hikes announced so far in 2021 the average dividend growth rate in the last five years jumps from 0.6 percent to 3.9 percent annually. Microchip Technology Incorporated manufactures...

Microchip Technology hikes dividend by 5.9%

Microchip Technology (MCHP) will raise its quarterly dividend by another 5.9 percent to 41.3 cents quarterly in Q2 of 2021. This is the second dividend hike announced by MCHP in 2021 for a total increase of 12.1 percent. The next quarterly dividend is 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. The new annual dividend rate of approximately $1.65 per share yields 1.1% at a stock price of $149. Microchip initiated quarterly cash dividend payments in the third quarter of fiscal year 2003. Currently the company pays approximately $430 million in dividends to shareholders annually. Because of the much bigger dividend hikes announced so far in 2021 the average dividend growth rate in the last five years jumps from 0.6 percent to 2.8 percent annually. Microchip Technology Incorporated manufactures specialized semiconductor produ...

Microchip Technology hikes dividend by 5.8%

Microchip Technology (MCHP) will raise its quarterly dividend by 5.8 percent to 39 cents quarterly in 2021. This comes after small dividend hikes of 0.1 percent in the previous quarters by the semiconductor products maker. In 2020 Microchip has announced four dividend hikes for a total increase of 0.5 percent, matching the dividend increase for 2019.  The next quarterly dividend is March 8, 2021 to stockholders of record on February 22, 2021. Microchip initiated quarterly cash dividend payments in the third quarter of fiscal year 2003 and has increased its dividend 66 times since its inception. The new annual dividend rate of approximately $1.56 per share yields 1.1% at a stock price of $145. In a press release dated Feb 4, 2021, the company comments on the dividend hike: “Microchip’s financial performance in the December 2020 quarter was strong driving significant cash generation and debt reduction,” said Steve Sanghi, Chief Executive Officer. “As we continue to make significant p...

Microchip Technology hikes dividend by 0.1%

Microchip Technology (MCHP) will raise its quarterly dividend by another 0.1 percent to $0.3685 per share in the 4th quarter of 2020. This follows similar dividend hikes in each of the last couple of quarters by the semiconductor products maker. This year Microchip has announced four dividend hikes so far for a total increase of 0.5 percent, matching last year's dividend increase. The next quarterly dividend is payable on December 4, 2020 to stockholders of record on November 20, 2020. Microchip initiated quarterly cash dividend payments in the third quarter of fiscal year 2003 and has increased its dividend 65 times since its inception. The new annual dividend rate of approximately $1.47 per share yields 1.2% at a stock price of $125.29. In a press release dated November 5, 2020 the company comments on the dividend hike: “Microchip’s financial performance in the September 2020 quarter was strong given the uncertain economic conditions driven by the COVID-19 pandemic,” said Steve S...

Microchip Technology hikes dividend by 0.1%

Microchip Technology (MCHP) will raise its quarterly dividend by another 0.1 percent to $0.368 per share in the third quarter of 2020. This follows similar dividend hikes in each of the last couple of quarters by the semiconductor products maker. This year Microchip has announced three dividend hikes so far for a total increase of 0.4 percent. The next quarterly dividend is payable on September 4, 2020 to stockholders of record on August 21, 2020. The new annual dividend rate of approximately $1.47 per share yields 1.5% at a stock price of $100. In a press release dated August 4, 2020 the company comments on the dividend hike: “Microchip’s financial performance in the June 2020 quarter was strong given the backdrop of the COVID-19 pandemic driving very uncertain economic conditions,” said Steve Sanghi, Chief Executive Officer.  “Our Board is pleased to declare an increase in our quarterly dividend to a record 36.8 cents per share, which continues to reflect confidence in the c...

Microchip Technology hikes dividend by 0.1%

Microchip Technology (MCHP) will raise its quarterly dividend by 0.1 percent to $0.3675 per share in the second quarter of 2020. This follows similar dividend hikes in each of the last couple of quarters by the semiconductor products maker. The next dividend is payable on June 4, 2020 to stockholders of record on May 21, 2020. The new annual dividend rate of $1.47 per share yields 1.6% at a stock price of $89.70. “Microchip’s financial performance in the March 2020 quarter was very good with the backdrop of a very uncertain economic environment,” said Steve Sanghi, Chief Executive Officer in the company's press release dated May 7, 2020, announcing this dividend hike.  “Our Board is pleased to declare an increase in our quarterly dividend to a record 36.75 cents per share, which continues to reflect confidence in the cash-generating capability of our business, as well as our ongoing commitment to returning value to our stockholders.” Microchip Technology Incorporated manufact...

Microchip Technology hikes dividend by 0.1%

Microchip Technology (MCHP) will raise its quarterly dividend by another 0.1 percent to $0.367 per share in the 1th quarter of 2020. This follows similar dividend hikes in each of the last couple of quarters. The next dividend is payable on March 6, 2020 to stockholders of record on February 21, 2020.  The new annual dividend rate of $1.47 per share yields 1.4% at a stock price of $106.59. From the company's press release: “Microchip’s financial performance in the December 2019 quarter was excellent in the backdrop of an uncertain economic environment,” said Steve Sanghi, Chief Executive Officer.  “Our Board is pleased to declare an increase in our quarterly dividend to a record 36.70 cents per share, which continues to reflect our ongoing commitment to returning value to our stockholders.” Microchip Technology Incorporated manufactures specialized semiconductor products used for  embedded control applications. Its product portfolio targets the automotive, communica...

Microchip Technology hikes dividend by 0.1%

Microchip Technology (MCHP) will raise its quarterly dividend by another 0.1 percent to $0.3665 per share in the 4th quarter of 2019. This follows similar dividend hikes in each of the last couple of quarters. The next dividend is payable on December 5, 2019 to stockholders of record on November 21, 2019.  The new annual dividend rate of $1.466 per share yields 1.5% at a stock price of $100. “Microchip had reasonably good financial performance in the September 2019 quarter in spite of a difficult economic environment,” said Steve Sanghi, Chief Executive Officer.  “Our Board is pleased to declare an increase in our quarterly dividend to a record 36.65 cents per share, which continues to reflect our ongoing commitment to returning value to our stockholders.” Microchip Technology Incorporated manufactures specialized semiconductor products used for  embedded control applications. Its product portfolio targets the automotive, communications, computing, consumer and indu...

Microchip Technology hikes dividend by 0.1%

Microchip Technology (MCHP) will raise its quarterly dividend by another 0.1 percent to $0.366 per share in the 3rd quarter of 2019. This follows similar dividend hikes in each of the last couple of quarters. The next dividend is payable on September 4, 2019 to stockholders of record on August 21, 2019. A new annual rate of $1.464 per share yields 1.7% at a stock price of $88.38. Microchip initiated quarterly cash dividend payments in the third quarter of fiscal year 2003 and has increased its dividend 60 times since its inception. “Microchip’s financial performance in the June 2019 quarter was good with the Company exceeding its non-GAAP earnings per share,” said Steve Sanghi, Chief Executive Officer. “Our Board is pleased to declare an increase in our quarterly dividend to a record 36.60 cents per share, which continues to reflect our ongoing commitment to returning value to our stockholders.” Microchip Technology Incorporated manufactures specialized semiconductor products ...

Microchip Technology hikes dividend by 0.1%

Microchip Technology (MCHP) will raise its quarterly dividend by another 0.1 percent to $0.3655 per share in the second quarter of 2019. This follows similar dividend hikes in each of the last couple of quarters. The dividend is payable on June 4, 2019 to stockholders of record on May 21, 2019. Microchip has increased its dividend 59 times since its inception. A new annual rate of $1.462 per share yields 1.6% at a stock price of $91.54. “Microchip’s financial results in the March 2019 quarter were above the midpoint of our guidance, in spite of a challenging economic backdrop, and produced $403.4 million of cash flows from operations,” said Steve Sanghi, Chief Executive Officer. “Our Board of Directors is pleased to declare an increase in our quarterly dividend to a record 36.55 cents per share, which continues to reflect our ongoing commitment to return value to our stockholders.” Microchip Technology Incorporated manufactures specialized semiconductor products used for  emb...