Microchip Technology Increases Quarterly Cash Dividend 10.7% Year-Over-Year to 45.4 Cents Per Share
2024年8月2日 - 5:10AM
(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 45.4 cents per
share. The dividend is payable on September 5, 2024, to
stockholders of record on August 22, 2024. Microchip initiated
quarterly cash dividend payments in the third quarter of fiscal
year 2003 and has increased its dividend 82 times since its
inception.
“Microchip’s financial performance in the June 2024 quarter met
our expectations as customers continued to carefully manage their
inventory levels in response to evolving demand dynamics,” said
Steve Sanghi, Executive Chair. “Today, our Board of Directors
approved a year-over-year increase in our dividend of 10.7% to 45.4
cents per share, up from our August 2023 dividend of 41.0 cents per
share. This represents 88 consecutive quarters of dividend payments
for Microchip and reflects confidence in the cash-generating
capability of our business, as well as our ongoing commitment to
returning capital to our stockholders through dividends and our
share repurchase program. Despite the current challenging market
dynamics, we remain committed to return 100% of our adjusted free
cash flow to shareholders by the March 2025 quarter.”
Cautionary Statement:
The statements contained in this release relating to our
confidence in the cash-generating capability of our business and
our ongoing commitment to returning capital to our stockholders and
remaining committed to return 100% of our adjusted free cash flow
to stockholders by the March 2025 quarter are forward-looking
statements made pursuant to the safe harbor provisions of the
Private Securities Litigation Reform Act of 1995. These statements
involve risks and uncertainties that could cause actual results to
differ materially, including, but not limited to any continued
uncertainty, fluctuations or weakness in the U.S. and world
economies (including China) due to changes in interest rates, high
inflation or the impact of the COVID-19 pandemic (including
lock-downs in China), actions taken or which may be taken by the
Biden administration or the U.S. Congress, monetary policy,
political, geopolitical, trade or other issues in the U.S. or
internationally (including the military conflicts in Ukraine-Russia
and the Middle East), further changes in demand or market
acceptance of our products and the products of our customers and
our ability to respond to any increases or decreases in market
demand or customer requests to reschedule or cancel orders; the mix
of inventory we hold, our ability to satisfy any short-term orders
from our inventory and our ability to effectively manage our
inventory levels; the impact that the CHIPS Act will have on
increasing manufacturing capacity in our industry by providing
incentives for us, our competitors and foundries to build new wafer
manufacturing facilities or expand existing facilities; the amount
and timing of any incentives we may receive under the CHIPS Act,
the impact of current and future changes in U.S. corporate tax laws
(including the Inflation Reduction Act of 2022 and the Tax Cuts and
Jobs Act of 2017), foreign currency effects on our business;
changes in utilization of our manufacturing capacity and our
ability to effectively manage our production levels to meet any
increases or decreases in market demand or any customer requests to
reschedule or cancel orders; the impact of inflation on our
business; competitive developments including pricing pressures; the
level of orders that are received and can be shipped in a quarter;
our ability to realize the expected benefits of our long-term
supply assurance program; changes or fluctuations in customer order
patterns and seasonality; our ability to effectively manage our
supply of wafers from third party wafer foundries to meet any
decreases or increases in our needs and the cost of such wafers,
our ability to obtain additional capacity from our suppliers to
increase production to meet any future increases in market demand;
our ability to successfully integrate the operations and employees,
retain key employees and customers and otherwise realize the
expected synergies and benefits of our acquisitions; the impact of
any future significant acquisitions or strategic transactions we
may make; the costs and outcome of any current or future litigation
or other matters involving our acquisitions (including the acquired
business, intellectual property, customers, or other issues); the
costs and outcome of any current or future tax audit or
investigation regarding our business or our acquired businesses;
fluctuations in our stock price and trading volume which could
impact the number of shares we acquire under our share repurchase
program and the timing of such repurchases; disruptions in our
business or the businesses of our customers or suppliers due to
natural disasters (including any floods in Thailand), terrorist
activity, armed conflict, war, worldwide oil prices and supply,
public health concerns or disruptions in the transportation system;
and general economic, industry or political conditions in the
United States or internationally.
For a detailed discussion of these and other risk factors,
please refer to Microchip's filings on Forms 10-K and 10-Q. You can
obtain copies of Forms 10-K and 10-Q and other relevant documents
for free at Microchip’s website (www.microchip.com) or the SEC's
website (www.sec.gov) or from commercial document retrieval
services.
Stockholders of Microchip are cautioned not to place undue
reliance on our forward-looking statements, which speak only as of
the date such statements are made. Microchip does not undertake any
obligation to publicly update any forward-looking statements to
reflect events, circumstances, or new information after this
August 1, 2024 press release or to reflect the occurrence of
unanticipated events.
About Microchip:
Microchip Technology Incorporated is a leading provider of
smart, connected and secure embedded control solutions. Its
easy-to-use development tools and comprehensive product portfolio
enable customers to create optimal designs, which reduce risk while
lowering total system cost and time to market. The company's
solutions serve approximately 120,000 customers across the
industrial, automotive, consumer, aerospace and defense,
communications and computing markets. Headquartered in Chandler,
Arizona, Microchip offers outstanding technical support along with
dependable delivery and quality. For more information, visit the
Microchip website at www.microchip.com.
The Microchip logo and name are registered
trademarks of Microchip Technology Incorporated.
INVESTOR RELATIONS CONTACT:Sajid Daudi -- Head of
investor Relations (480) 792-7385
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