October 24, 2016 at 8:01 AM EDT
Silicon Motion Announces Increase in Annual Dividend, Payable Quarterly
As the Company’s growth and profitability have been strong, the Board has decided to increase its annual dividend payment to
|Record Date||Payment Date|
|November 7, 2016||November 17, 2016|
|February 13, 2017||February 23, 2017|
|May 5, 2017||May 18, 2017|
|August 7, 2017||August 17, 2017|
The Company’s depository bank’s DR Books will be closed for issuance and cancellation on each of the record dates.
“The Board has decided to increase our dividend payment to further enhance returns to our shareholders,” said
The payment of the annual dividend to be paid in quarterly installments will be made according to the anticipated record and payment dates unless subsequently changed by the Board. The declaration and payment of future cash dividends are subject to the Board's continuing determination that the payment of dividends are in the best interests of the Company’s shareholders and are in compliance with all laws and agreements of the Company applicable to the declaration and payment of cash dividends.
1 One ADS is equivalent to four ordinary shares.
2 $0.80 per ADS is equivalent to
3 $0.20 per ADS is equivalent to
We are the global leader in supplying NAND flash controllers for solid state storage devices and the merchant leader in supplying SSD controllers. We have the broadest portfolio of controller technologies and solutions and ship over 750 million NAND controllers annually, more than any other company in the world. Our controllers are widely used in embedded storage products such as SSDs and eMMCs which are found in smartphones, PCs and industrial and commercial applications. We also supply specialized high-performance enterprise and industrial SSD solutions. Our customers include most of the NAND flash vendors, storage device module makers and leading OEMs. For further information on
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