Microchip Technology Increases Quarterly Cash Dividend From $0.41 To $0.439 Per Share
Portfolio Pulse from Benzinga Newsdesk
Microchip Technology Incorporated has announced a quarterly cash dividend of $0.439 per share, payable on December 6, 2023. This represents an increase from the previous dividend of $0.41 per share and marks the 85th consecutive quarter of dividend payments. The company's financial performance for Q3 2023 was in line with expectations, generating solid cash and progressing towards its capital return strategy.
November 02, 2023 | 9:35 pm
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Microchip Technology has increased its quarterly cash dividend from $0.41 to $0.439 per share. This is the 85th consecutive quarter of dividend payments, reflecting the company's strong cash generation and commitment to returning capital to shareholders.
The increase in dividend payments indicates the company's strong financial performance and its commitment to returning capital to shareholders. This is likely to be viewed positively by investors, potentially leading to an increase in the company's stock price in the short term.
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