Microchip Technology hikes dividend by 6.2%

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Microchip Technology (MCHP) will raise its quarterly dividend by another 6.2 percent to $0.253 per share in Q1 of 2022. This marks 20 years in a row of increased dividends by the semiconductor company.

The next MCHP dividend is payable on March 8, 2022, to stockholders of record on February 22, 2022. Microchip initiated quarterly cash dividend payments in the third quarter of fiscal year 2003 and has increased its dividend 69 times since its inception. 

Microchip Technology Incorporated manufactures specialized semiconductor products used for  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.

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