Micron Technology hikes dividend by 15%

On June 30, 2022, Micron Technology Inc. (MU) announced a 15% dividend increase to $0.115 quarterly per share. This is the first ever dividend hike by the semiconductor company. Micron initiated a $0.10 per share quarterly dividend in 2021. 

The new quarterly dividend of $0.115 per share is payable in cash on July 26, 2022, to shareholders of record as of the close of business on July 11, 2022. A new 46 cent per share annual dividend rate will yield 0.9% at a stock price of $53.65 for MU.

Micron Technology, Inc. is a semiconductor company offering memory and storage solutions. Micron offers memory and storage technologies, including dynamic random-access memory (DRAM), negative-AND (NAND), three-dimensional (3D) XPoint memory, and NOR. Micron brands include Micron and Crucial. Micron initiated a quarterly dividend in 2021.