Silicon Motion (SIMO) has released an update.
Silicon Motion Technology Corporation has announced the distribution of its quarterly cash dividend of US$0.50 per ADS, which equates to US$0.125 per ordinary share, scheduled for payment on August 22, 2024, to shareholders on record as of August 8, 2024. This declaration follows the company’s commitment to an annual dividend of US$2.00 per ADS. The decision to continue paying dividends is contingent on board approval, ensuring it aligns with shareholder interests and complies with legal and contractual obligations.
For further insights into SIMO stock, check out TipRanks’ Stock Analysis page.
