Monolithic Power Systems Announces Third Quarter 2024 Dividend

Rhea-AI Summary

Monolithic Power Systems (Nasdaq: MPWR), a global provider of semiconductor-based power electronics solutions, has announced its third quarter dividend for 2024. The company will pay $1.25 per common share to stockholders of record as of the close of business on September 30, 2024. The dividend is scheduled to be paid on October 15, 2024. This announcement demonstrates Monolithic Power Systems' commitment to returning value to its shareholders through consistent dividend payments.

Positive

• Declared quarterly dividend of $1.25 per share
• Consistent dividend payments indicate financial stability

Negative

• None.

Insights

Financial Analyst

Monolithic Power Systems' announcement of a $1.25 per share dividend for Q3 2024 signals financial stability and shareholder value. This consistent payout, maintaining the previous quarter's level, indicates strong cash flow and management's confidence in the company's financial health. For investors, this represents a reliable income stream, particularly attractive in the current economic climate.

However, it's important to note that dividend sustainability depends on continued strong performance in the semiconductor industry, which faces cyclical challenges. The dividend yield, while appealing, should be considered alongside the company's growth prospects and market position in power electronics solutions.

Market Research Analyst

This dividend announcement, while positive, should be viewed in the broader context of the semiconductor industry's dynamics. Monolithic Power Systems' ability to maintain its dividend in a sector known for cyclical fluctuations is noteworthy. It suggests the company's diversified product portfolio and focus on high-performance power electronics are paying off.

Investors should consider how this steady dividend policy might impact the company's ability to invest in R&D and maintain its competitive edge in a rapidly evolving tech landscape. The semiconductor market's current supply chain challenges and geopolitical pressures add layers of complexity to the company's future performance prospects.

KIRKLAND, Wash., Sept. 13, 2024 (GLOBE NEWSWIRE) --  Monolithic Power Systems, Inc. (Nasdaq: MPWR), a global company that provides high-performance, semiconductor-based power electronics solutions, announced today its third quarter dividend of $1.25 per common share to all stockholders of record as of the close of business on September 30, 2024. The dividend will be paid on October 15, 2024.

Safe Harbor Statement 
This news release includes “forward-looking statements” intended to qualify for the safe harbor from liability established by the Private Securities Litigation Reform Act of 1995. These forward-looking statements are based on our current expectations, estimates and projections about our business and industry, management’s beliefs, and certain assumptions made by us, all of which are subject to change. Forward-looking statements can often be identified by words such as “anticipates,” “expects,” “forecasts,” “intends,” “believes,” “plans,” “may,” “will,” or “continue,” and similar expressions and variations or negatives of these words. All such statements are subject to certain risks, assumptions and uncertainties, including those described in our most recent Annual Report on Form 10-K and Quarterly Reports on Form 10-Qs, and in other documents that we file or furnish with the Securities and Exchange Commission. Should one or more of these risks or uncertainties materialize, or should underlying assumptions prove incorrect, actual results may vary materially and adversely from those projected, and may affect our future operating results, financial position and cash flows. Accordingly, you are cautioned not to place undue reliance on these forward-looking statements, which speak only as of the date they are made. Except to the extent required by law, MPS does not undertake, and expressly disclaims, any duty or obligation to update publicly any forward-looking statement after the initial distribution of this release, whether as a result of new information, future events, changes in assumptions or otherwise.

About Monolithic Power Systems
Monolithic Power Systems, Inc. (“MPS”) is a fabless global company that provides high-performance, semiconductor-based power electronics solutions. MPS’s mission is to reduce energy and material consumption to improve all aspects of quality of life and create a sustainable future. Founded in 1997 by our CEO Michael Hsing, MPS has three core strengths: deep system-level knowledge, strong semiconductor design expertise, and innovative proprietary technologies in the areas of semiconductor processes, system integration, and packaging. These combined advantages enable MPS to deliver reliable, compact, and monolithic solutions that are highly energy-efficient, cost-effective, and environmentally responsible while providing a consistent return on investment to our stockholders. MPS can be contacted through its website at www.monolithicpower.com or its support offices around the world.

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Monolithic Power Systems, MPS, and the MPS logo are registered trademarks of Monolithic Power Systems, Inc. in the U.S. and trademarked in certain other countries.

FAQ

What is the dividend amount for Monolithic Power Systems (MPWR) in Q3 2024?

Monolithic Power Systems (MPWR) has declared a dividend of $1.25 per common share for the third quarter of 2024.

When is the record date for MPWR's Q3 2024 dividend?

The record date for Monolithic Power Systems' (MPWR) third quarter 2024 dividend is September 30, 2024.

What is the payment date for Monolithic Power Systems' (MPWR) Q3 2024 dividend?

Monolithic Power Systems (MPWR) will pay its third quarter 2024 dividend on October 15, 2024.

Has MPWR changed its dividend amount compared to previous quarters?

The press release does not provide information about changes in the dividend amount compared to previous quarters for Monolithic Power Systems (MPWR).