Microchip Technology As of June 15, 2021 ticker dps (an.) 2021 hike 2020 hike 2019 hike
MCHP $1.65 12.1% 0.5% 0.5%
Business yield Hike yrs 5 yr CAGR freq. paid since
Semiconductor Products 1.1% 19 2.8% Quarter 2003
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Microchip Technology hikes dividend by 5.9%

Microchip Technology (MCHP) will raise its quarterly dividend by another 5.9 percent to 41.3 cents quarterly in Q2 of 2021. This is the second dividend hike announced by MCHP in 2021 for a total increase of 12.1 percent.

The next quarterly dividend is payable June 4, 2021 to stockholders of record on May 21, 2021. Microchip initiated quarterly cash dividend payments in the third quarter of fiscal year 2003 and has increased its dividend 67 times since its inception. The new annual dividend rate of approximately $1.65 per share yields 1.1% at a stock price of $149.

Microchip initiated quarterly cash dividend payments in the third quarter of fiscal year 2003. Currently the company pays approximately $430 million in dividends to shareholders annually. Because of the much bigger dividend hikes announced so far in 2021 the average dividend growth rate in the last five years jumps from 0.6 percent to 2.8 percent annually.

Microchip Technology Incorporated manufactures specialized semiconductor products used forĀ  embedded control applications. Its product portfolio targets the automotive, communications, computing, consumer and industrial control markets. Microchip is headquartered in Chandler, Arizona. Microchip was incorporated in Delaware in 1989 and initiated quarterly cash dividend payments in the third quarter of fiscal year 2003. The company typically raises its dividend a little bit every quarter but doesn't do big dividend hikes like many other semiconductor companies.

Dividend Calendar

Look at the complete list of upcoming events
Ex-date Ticker Yield YTD hike
Jun 21 AVGO 3.1% 0.0%
Jun 21 APH 0.8% 0.0%
Jun 21 FRT 3.4% 0.0%
Jun 23 CARR 1.0% 0.0%
Jun 24 IFF 2.1% 0.0%
Jun 24 RL 2.3% 0.0%
Jun 24 TROW 2.2% 20.0%
Jun 24 MDT 2.0% 8.6%
Jun 24 PM 4.8% 0.0%
Jun 24 FLS 1.9% 0.0%