CHANDLER, Ariz., Could 06, 2021 (GLOBE NEWSWIRE) — (NASDAQ: MCHP) – Microchip Know-how Integrated, a number one supplier of good, related and safe embedded management options, at present introduced that its Board of Administrators has declared a quarterly money dividend on its widespread inventory of 41.3 cents per share. The dividend is payable on June 4, 2021 to stockholders of document on Could 21, 2021. Microchip initiated quarterly money dividend funds within the third quarter of fiscal yr 2003 and has elevated its dividend 67 instances since its inception.
“Microchip’s monetary efficiency within the March 2021 quarter was very robust driving important money era and debt discount,” mentioned Steve Sanghi, Government Chairman. “The Microchip Board of Administrators initiated a path to larger dividends in our February 2021 dividend announcement as a part of our money return technique. Our Board is happy to declare a 5.9% improve in our quarterly dividend to a document 41.3 cents per share, which continues to mirror confidence within the cash-generating functionality of our enterprise, in addition to our ongoing dedication to returning worth to our stockholders.”
The statements contained on this launch regarding our path to larger dividends, our money return technique, confidence within the cash-generating functionality of our enterprise, and our ongoing dedication to returning worth to our stockholders are forward-looking statements made pursuant to the secure harbor provisions of the Personal Securities Litigation Reform Act of 1995. These statements entails dangers and uncertainties that might trigger precise outcomes to vary materially, together with, however not restricted to: uncertainties associated to the affect of the COVID-19 pandemic on the economic system, our enterprise and the enterprise of our prospects and suppliers, precise money flows generated from and used within the operation of our enterprise; precise or projected ranges of capital expenditures; our steadiness of money and investments; adjustments within the tax charges that our stockholders pay on our dividends or different adjustments in U.S. tax legal guidelines together with the Tax Lower and Jobs Act of 2017; our accessible borrowings below our credit score settlement; the affect of any important acquisitions we could make; our skill to comprehend the anticipated advantages of our acquisitions, adjustments in
demand or market acceptance of our merchandise and the merchandise of our prospects and our skill to fulfill any will increase in market demand; the combination of stock we maintain and our skill to fulfill short-term orders from our stock; adjustments in utilization of our manufacturing capability and our skill to successfully handle our manufacturing ranges and improve manufacturing to fulfill any will increase in market demand; our skill to acquire extra capability from our wafer foundries and different suppliers to extend manufacturing to fulfill any will increase in market demand; our skill to regulate the extent of working bills relative to our stage of revenues; aggressive developments together with pricing pressures; the extent of orders which can be acquired and may be shipped in 1 / 4; adjustments or fluctuations in buyer order patterns and seasonality; the prices and final result of any present or future litigation or different issues involving our Microsemi acquisition, the Microsemi enterprise, mental property, prospects, or different points; the prices and final result of any present or future tax audit or investigation concerning our enterprise or the enterprise of Microsemi; disruptions in our enterprise or the companies of our prospects or suppliers as a result of pure disasters (together with any floods in Thailand), terrorist exercise, armed battle, warfare, worldwide oil costs and provide, public well being issues (together with COVID-19) or disruptions within the transportation system; and normal financial, business or political situations in america or internationally.
For an in depth dialogue of those and different threat elements, please confer with Microchip’s filings on Varieties 10-Okay and 10-Q. You may receive copies of Varieties 10-Okay and 10-Q and different related paperwork totally free at Microchip’s web site (www.microchip.com) or the SEC’s web site (www.sec.gov) or from industrial doc retrieval companies.
Stockholders of Microchip are cautioned to not place undue reliance on our forward-looking statements, which communicate solely as of the date such statements are made. Microchip doesn’t undertake any obligation to publicly replace any forward-looking statements to mirror occasions, circumstances or new data after this Could 6, 2021 press launch, or to mirror the incidence of unanticipated occasions.
Microchip Know-how Integrated is a number one supplier of good, related and safe embedded management options. Its easy-to-use improvement instruments and complete product portfolio allow prospects to create optimum designs, which cut back threat whereas reducing whole system value and time to market. The corporate’s options serve greater than 120,000 prospects throughout the commercial, automotive, client, aerospace and protection, communications and computing markets. Headquartered in Chandler, Arizona, Microchip presents excellent technical help together with reliable supply and high quality. For extra data, go to the Microchip web site at www.microchip.com.
The Microchip emblem and title are registered logos of Microchip Know-how Integrated.
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