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CHANDLER, Ariz. - Microchip Technology Incorporated (NASDAQ:MCHP), a provider of embedded control solutions, has declared a quarterly cash dividend of 45.5 cents per share, payable on March 7, 2025, to shareholders on record as of February 24, 2025. This marks an increase in the company’s dividend, continuing a trend that began with the initiation of quarterly dividends in the third quarter of fiscal year 2003. Since then, Microchip has increased its dividend 83 times. According to InvestingPro data, the company has maintained dividend payments for 23 consecutive years, with a current dividend yield of 3.4% and consistent dividend growth of 11% over the last twelve months.
The company, known for its smart, connected, and secure embedded control solutions, serves a diverse range of markets including industrial, automotive, consumer, aerospace and defense, communications, and computing. With a customer base of approximately 112,000, Microchip prides itself on providing comprehensive products and development tools that aim to streamline design processes, mitigate risk, and minimize cost and time to market for its clients. The company maintains a strong market position with a market capitalization of $28.5 billion and impressive gross profit margins of 60%.
Headquartered in Chandler, Arizona, Microchip emphasizes its commitment to strong technical support, reliable delivery, and high-quality service. This announcement is based on a press release statement and continues to demonstrate Microchip’s dedication to delivering value to its stockholders. Currently trading near its 52-week low, InvestingPro analysis reveals additional valuable insights about Microchip’s financial health and market position in its comprehensive Pro Research Report, available along with 10+ additional ProTips for subscribers.
In other recent news, Microchip Technology reported its fiscal Q3 2025 results, providing investors with the latest insights into the company’s performance. Alongside this, the company has seen some notable changes in its board of directors, with the addition of former AMD (NASDAQ:AMD) president, Victor Peng. Microchip Technology also unveiled the MTCH2120, a new 12-button touch controller, expanding its portfolio of turnkey touch solutions.
On the analyst front, Needham maintained its buy rating for Microchip Technology, despite the company’s revised revenue outlook and restructuring initiatives. These initiatives include the closure of a manufacturing facility, which is expected to result in significant cost savings in the long term.
These are the recent developments for Microchip Technology, highlighting the company’s financial performance, strategic moves, and the views of analysts. It’s important for investors to keep an eye on these updates to better understand the company’s standing in the market.
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