Microchip Technology Incorporated (NASDAQ:MCHP) Updates On Quarterly Dividend


As per Microchip Technology Incorporated (NASDAQ:MCHP) statement on 2016-08-09, the shareholders would receive dividend for the gone quarter. The company confirmed that it will disburse $0.36 per share as dividend to stakeholders. The record date is set as 2016-08-22, the payout date as 2016-09-06 and the ex-dividend date is 2016-08-18.

Last fiscal Microchip Technology Incorporated (NASDAQ:MCHP) disbursed cash dividend of $0.36. A year ago, the payout was $0.36, which indicates a difference of 0.5967%. The past track record of five years substantiates that the average payout as given by the firm stands at $0.36, implying 0.8444% growth.

For the period ended on 2016-03-31, Microchip Technology Incorporated (NASDAQ:MCHP)’s earnings came at $0.67 per share compared to EPS of $0.59 a year ago. This quarter the firm can post earnings for quarter ending 2016-09-30 on or around 2016-11-02. For this quarter, the analysts have earnings estimate of $0.74 per share.

The interim price target for Microchip Technology Incorporated (NASDAQ:MCHP) is set at $64.75. This level is the mean price reached by averaging the stock views of 8 analysts. All these are top brokerages of Wall Street and trail the company’s performance regularly. The best price estimate for Microchip Technology Incorporated (NASDAQ:MCHP) is seen at $74 and the lowest level is established at $47. This broad range highlights a standard deviation of $8.259 in reported estimates.

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