By the end of today, December 06, 2023, Microchip Technology MCHP is set to deliver a dividend payout of $0.44 per share, equating to an annualized dividend yield of 2.47%. Shareholders who owned the stock prior to the ex-dividend date on November 21, 2023 will receive this payout.
Microchip Technology Recent Dividend Payouts
| Ex-Date | Payments per year | Dividend | Yield | Announced | Record | Payable |
|---|---|---|---|---|---|---|
| 2023-11-21 | 4 | $0.44 | 2.47% | 2023-11-02 | 2023-11-22 | 2023-12-06 |
| 2023-08-21 | 4 | $0.41 | 1.82% | 2023-08-03 | 2023-08-22 | 2023-09-05 |
| 2023-05-19 | 4 | $0.38 | 2.01% | 2023-05-04 | 2023-05-22 | 2023-06-05 |
| 2023-02-17 | 4 | $0.36 | 1.76% | 2023-02-02 | 2023-02-21 | 2023-03-07 |
| 2022-11-21 | 4 | $0.33 | 2.16% | 2022-11-03 | 2022-11-22 | 2022-12-06 |
| 2022-08-18 | 4 | $0.3 | 1.74% | 2022-08-02 | 2022-08-19 | 2022-09-02 |
| 2022-05-19 | 4 | $0.28 | 1.63% | 2022-05-09 | 2022-05-20 | 2022-06-03 |
| 2022-02-18 | 4 | $0.25 | 1.28% | 2022-02-03 | 2022-02-22 | 2022-03-08 |
| 2021-11-18 | 4 | $0.23 | 1.21% | 2021-11-02 | 2021-11-19 | 2021-12-03 |
| 2021-08-19 | 4 | $0.22 | 1.21% | 2021-08-03 | 2021-08-20 | 2021-09-03 |
| 2021-05-20 | 4 | $0.21 | 1.13% | 2021-05-06 | 2021-05-21 | 2021-06-04 |
| 2021-02-19 | 4 | $0.2 | 1.12% | 2021-02-04 | 2021-02-22 | 2021-03-08 |
With a dividend yield that places it neither at the top nor the bottom, Microchip Technology finds itself in the middle among its industry peers, while United Microelectronics UMC boasts the highest annualized dividend yield at 7.58%.
Analyzing Microchip Technology Financial Health
Companies that pay out steady cash dividends are attractive to income-seeking investors, and companies that are financially healthy tend to maintain their dividend payout schedule. For this reason, investors can find it insightful to see if a company has been increasing or decreasing their dividend payout schedule and if their earnings are growing.
YoY Growth in Dividend Per Share
Investors witnessed an upward trajectory in the company's dividend per share between 2019 and 2022. The dividend per share rose from $0.73 to $1.16, indicating the company's dedication to enhancing shareholder value through increased dividends.
YoY Earnings Growth For Microchip Technology
The earnings chart above shows that from 2019 to 2022, Microchip Technology has experienced an increase in their earnings from $3.00 per share to $5.38 per share. This positive earnings trend is promising for income-seeking investors as it suggests that the company has more potential to increase its cash dividend payout if the trend continues.
Recap
In this article, we delve into Microchip Technology's recent dividend payout and examine how it impacts shareholders. The company has announced a dividend distribution of $0.44 per share today, resulting in an annualized dividend yield of 2.47%.
With a dividend yield that places it neither at the top nor the bottom, Microchip Technology finds itself in the middle among its industry peers, while United Microelectronics boasts the highest annualized dividend yield at 7.58%.
The upward trend in dividend per share and earnings per share for Microchip Technology from 2019 to 2022 reflects a strong financial position, supporting the company's ability to consistently distribute profits to their investors.
Investors should closely follow the company's performance in the coming quarters to stay up-to-date on any shifts in financials or dividend disbursements.
\To stay up-to-date with the companies that are announcing their dividends, click here to visit our Dividends Calendar.
This article was generated by Benzinga's automated content engine and reviewed by an editor.
© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
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