Microchip Technology Declares Common Stock Dividend

January 25, 2005 by Jeff Shepard

Microchip Technology Inc. (Chandler, AZ), a provider of microcontroller (MCU) and analog semiconductors, announced that its board of directors has declared a quarterly cash dividend on its common stock of $0.07 per share, a sequential increase of 35% and an increase of 100% over the dividend for the third quarter of fiscal year 2004.

The quarterly dividend is payable on March 4, 2005, to stockholders of record on February 11, 2005. Microchip initiated quarterly cash dividend payments in the third quarter of fiscal year 2003 and has increased the cash dividend by 250% since the initial declaration.