Microchip Technology (MCHP) will raise its quarterly dividend by 0.1 percent to $0.3615 per share.

The dividend is payable on June 6, 2017 to stockholders of record on May 23, 2017.  Microchip initiated quarterly cash dividend payments in the third quarter of fiscal year 2003 and has increased its dividend 52 times since its inception.

“Microchip’s financial results in the March 2017 quarter were outstanding with cash flow from operations being at record levels,” said Steve Sanghi, Chief Executive Officer.  “Our Board of Directors is pleased to declare an increase in our quarterly cash dividend to a record 36.15 cents per share, which continues to reflect our ongoing commitment to returning value to our stockholders.”

Microchip Technology Incorporated is a provider of microcontroller, mixed-signal, analog and Flash-IP solutions, providing low-risk product development, lower total system cost and faster time to market for thousands of diverse customer applications worldwide.