Microchip Technology (MCHP) will raise its quarterly dividend by 0.1 percent to $0.3625 per share in the fourth quarter of 2017. It’s the fourth dividend hike this year by MCHP, resulting in a total dividend increase of 0.6 percent in 2017.

The increased dividend will be paid on December 5, 2017 to shareholders of record on November 21, 2017. The new dividend yield for MCHP is 1.6%.

“Microchip’s financial results in the September 2017 quarter were very strong and produced record high quarterly cash flow from operations of $350.1 million,” said Steve Sanghi, Chief Executive Officer. “Our Board of Directors is pleased to declare an increase in our quarterly dividend to a record 36.25 cents per share, which continues to reflect our ongoing commitment to returning value to our stockholders.”

Microchip Technology Incorporated is engaged in developing, manufacturing and selling specialized semiconductor products used by its customers for a range of embedded control applications. The company, headquartered in Chandler, Arizona, provides microcontroller, mixed-signal, analog and Flash-IP solutions.