Monolithic Power Systems (MPWR) will raise its quarterly dividend by 25.0 percent to $0.50 per share in the first quarter of 2020. This follows a 33.3 percent dividend hike by the power solutions company last year and marks 3 consecutive years of higher dividend payments announced.

The next dividend of $0.50 per share will be paid on April 15, 2020 to stockholders of record as of the close of business on March 31, 2020. A new annualized dividend of $2.00 per share yields 1.1% at the current stock price of $180.21.

Monolithic Power Systems, Inc. (MPS) provides small, highly energy efficient, easy-to-use power solutions for systems found in industrial applications, telecom infrastructures, cloud computing, automotive, and consumer applications. MPS' mission is to reduce total energy consumption in its customers' systems with green, practical, compact solutions.