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CHANDLER, Ariz. - Microchip Technology Incorporated (NASDAQ:MCHP) announced Thursday that its Board of Directors has declared a quarterly cash dividend of 45.5 cents per share on its common stock, representing a 2.75% yield. According to InvestingPro data, the company has maintained dividend payments for 24 consecutive years, with 13 straight years of increases.
The dividend will be paid on September 5, 2025, to stockholders of record as of August 22, 2025, according to a press release statement from the company.
Microchip Technology, which provides embedded control solutions, has been making quarterly dividend payments since the third quarter of fiscal year 2003.
The company describes itself as a provider of smart, connected and secure embedded control solutions serving approximately 105,000 customers across industrial, automotive, consumer, aerospace and defense, communications and computing markets.
Headquartered in Chandler, Arizona, Microchip Technology develops products and tools aimed at reducing system costs and market launch times for its customers.
In other recent news, Microchip Technology has been the focus of several significant developments. Citi has reiterated its Buy rating for Microchip Technology, setting a price target of $90, and highlights the company as its top semiconductor pick due to expectations for the highest earnings per share growth. In a separate move, Goldman Sachs has initiated coverage on Microchip Technology with a Buy rating and a price target of $88, indicating confidence in the company’s growth potential as the sector recovers. Additionally, Microchip Technology has announced a partnership with Delta Electronics to collaborate on silicon carbide power solutions, aiming to accelerate the development of energy-saving systems. The collaboration will see Delta Electronics implement Microchip’s mSiC products in its designs. Furthermore, Microchip has achieved military qualification for its radiation-tolerant FPGAs, meeting important industry standards for high-reliability applications. These developments highlight Microchip’s strategic moves to strengthen its market position and expand its technological offerings.
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