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Silicon Motion ( (SIMO) ) just unveiled an update.
Silicon Motion Technology Corporation announced on January 24, 2025, that it will continue its quarterly cash dividend, following a Board of Directors’ decision on October 28, 2024, to declare an annual dividend of $2.00 per ADS, equivalent to $0.50 per ordinary share, paid in four installments. The next payment is set for February 27, 2025, to shareholders of record as of February 13, 2025. The company’s decision reflects ongoing financial health and strategic distributions to shareholders, amidst various market challenges such as supply chain disruptions and geopolitical tensions that could impact its operations and stakeholder expectations.
More about Silicon Motion
Silicon Motion Technology Corporation is a global leader in designing and marketing NAND flash controllers for solid state storage devices. They supply more SSD controllers than any other company worldwide for servers, PCs, and client devices, and are the leading merchant supplier of eMMC and UFS embedded storage controllers used in smartphones, IoT devices, and other applications. The company also provides customized high-performance solutions for hyperscale data centers and specialized industrial and automotive SSD applications. Their clientele includes most NAND flash vendors, storage device module makers, and leading OEMs.
YTD Price Performance: -1.26%
Average Trading Volume: 298,973
Technical Sentiment Consensus Rating: Buy
Current Market Cap: $1.8B
For detailed information about SIMO stock, go to TipRanks’ Stock Analysis page.
