Microchip Technology increases quarterly cash dividend by 3.6% year-over-year to 45.5 cents per share

CHANDLER, Ariz., Nov. 5, 2024 (GLOBE NEWSWIRE) — (NASDAQ: MCHP) – Microchip Technology Incorporated, a leading provider of smart, connected and secure embedded control solutions, today announced that its Board of Directors will pay a quarterly cash dividend on the common stock at 45.5 cents per share. The dividend is payable on December 6, 2024, to shareholders of record as of November 22, 2024. Microchip initiated quarterly cash dividend payments in the third quarter of fiscal 2003 and has increased its dividend 83 times since then.

About Microchip:

Microchip Technology Incorporated is a leading provider of smart, connected and secure embedded control solutions. The easy-to-use development tools and extensive product portfolio enable customers to create optimal designs that reduce risk while reducing overall system costs and time to market. The company’s solutions serve approximately 116,000 customers in the industrial, automotive, consumer, aerospace and defense, communications and computing markets. Headquartered in Chandler, Arizona, Microchip provides excellent technical support along with reliable delivery and quality. For more information, visit the Microchip website at www.microchip.com.

CONTACT WITH INVESTOR RELATIONSHIPS:

Sajid Daudi – Head of Investor Relations… (480) 792-7385

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