Silicon Motion Announces Annual Cash Dividend Payable Quarterly
Silicon Motion Technology (SIMO) has announced an annual cash dividend of $2.00 per ADS, to be distributed in four quarterly installments of $0.50 per ADS. The payments are scheduled between November 2024 and August 2025, with specific record and payment dates announced. CEO Wallace Kou emphasized the company's strong business outlook and free cash flow generation capacity, highlighting their commitment to meaningful shareholder distributions. The dividend payments are subject to Board approval and compliance with applicable laws and agreements.
Silicon Motion Technology (SIMO) ha annunciato un dividendo annuale in contante di $2,00 per ADS, che sarà distribuito in quattro rate trimestrali di $0,50 per ADS. I pagamenti sono programmati tra novembre 2024 e agosto 2025, con date specifiche di registrazione e pagamento annunciate. Il CEO Wallace Kou ha sottolineato le prospettive aziendali solide e la capacità di generare flusso di cassa libero, evidenziando il loro impegno per distribuzioni significative agli azionisti. I pagamenti dei dividendi sono soggetti all'approvazione del Consiglio e alla conformità con le leggi e gli accordi applicabili.
Silicon Motion Technology (SIMO) ha anunciado un dividendo anual en efectivo de $2.00 por ADS, que se distribuirá en cuatro pagos trimestrales de $0.50 por ADS. Los pagos están programados entre noviembre de 2024 y agosto de 2025, con fechas específicas de registro y pago que se anunciarán. El CEO Wallace Kou enfatizó las sólidas perspectivas comerciales de la empresa y su capacidad para generar flujo de caja libre, destacando su compromiso con distribuciones significativas para los accionistas. Los pagos de dividendos están sujetos a la aprobación de la Junta y al cumplimiento de las leyes y acuerdos aplicables.
실리콘 모션 기술 (SIMO)는 ADS 당 $2.00의 연간 현금 배당금을 발표했으며, 이는 ADS 당 $0.50의 4개 분기 지급으로 나누어 지급됩니다. 지급은 2024년 11월부터 2025년 8월 사이에 예정되어 있으며, 구체적인 기록 및 지급 날짜가 발표될 것입니다. CEO 월리스 카우는 회사의 견고한 비즈니스 전망과 자유 현금 흐름 생성 능력을 강조하며 주주에게 의미 있는 배당금을 지급하겠다는 의지를 밝혔습니다. 배당금 지급은 이사회 승인 및 적용 법률 및 계약의 준수에 따라 달라질 수 있습니다.
Silicon Motion Technology (SIMO) a annoncé un dividende en espèces annuel de $2,00 par ADS, qui sera distribué en quatre versements trimestriels de $0,50 par ADS. Les paiements sont prévus entre novembre 2024 et août 2025, avec des dates de clôture et de paiement spécifiques qui seront annoncées. Le PDG Wallace Kou a souligné les perspectives d'affaires solides de l'entreprise et sa capacité à générer des flux de trésorerie disponibles, mettant en avant leur engagement envers des distributions significatives aux actionnaires. Les paiements de dividendes sont soumis à l'approbation du conseil d'administration et à la conformité avec les lois et accords applicables.
Silicon Motion Technology (SIMO) hat eine jährliche Bardividende von $2,00 pro ADS angekündigt, die in vier vierteljährlichen Raten von $0,50 pro ADS ausgezahlt wird. Die Zahlungen sind zwischen November 2024 und August 2025 geplant, wobei spezifische Aufnahme- und Zahlungstermine bekannt gegeben werden. CEO Wallace Kou betonte die starke Unternehmensprognose und die Fähigkeit zur Generierung von Free Cash Flow und hob das Engagement des Unternehmens für bedeutende Ausschüttungen an die Aktionäre hervor. Die Dividendenauszahlungen unterliegen der Genehmigung durch den Vorstand sowie der Einhaltung der geltenden Gesetze und Vereinbarungen.
- Annual dividend of $2.00 per ADS announced
- Strong free cash flow generation reported
- Management confirms positive business outlook
- None.
TAIPEI, Taiwan and MILPITAS, Calif., Oct. 28, 2024 (GLOBE NEWSWIRE) -- Silicon Motion Technology Corporation (NasdaqGS: SIMO)(“Silicon Motion” or the “Company”), a global leader in designing and marketing NAND flash controllers for solid state storage devices, announces today its annual cash dividend of
The Board of Directors of the Company has declared an annual dividend of
| Record Date | Payment Date |
| November 14, 2024 | November 27, 2024 |
| February 13, 2025 | February 27, 2025 |
| May 8, 2025 | May 22, 2025 |
| August 7, 2025 | August 21, 2025 |
The Company’s depository bank’s DR books will be closed for issuance and cancellation on each of the record dates.
“Silicon Motion’s business outlook and our ability to generate free cash flow remains strong. Our focus continues to be in distributing a meaningful portion of this to our shareholders as dividend,” said Wallace Kou, President and CEO of Silicon Motion.
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 is subject to the Board's continuing determination that the payment of dividends is in the best interests of the Company’s shareholders and is in compliance with all laws and agreements of the Company applicable to the declaration and payment of cash dividends.
ABOUT SILICON MOTION:
We are the global leader in supplying NAND flash controllers for solid state storage devices. We supply more SSD controllers than any other company in the world for servers, PCs and other client devices and are the leading merchant supplier of eMMC and UFS embedded storage controllers used in smartphones, IoT devices and other applications. We also supply customized high-performance hyperscale data center and specialized industrial and automotive SSD solutions. Our customers include most of the NAND flash vendors, storage device module makers and leading OEMs. For further information on Silicon Motion, visit us at www.siliconmotion.com.
FORWARD-LOOKING STATEMENTS:
This press release contains “forward-looking statements” within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. In some cases, you can identify forward-looking statements by terminology such as “may,” “will,” “should,” “expect,” “intend,” “plan,” “anticipate,” “believe,” “estimate,” “predict,” “potential,” “continue,” or the negative of these terms or other comparable terminology. Although such statements are based on our own information and information from other sources we believe to be reliable, you should not place undue reliance on them. These statements involve risks and uncertainties, and actual market trends or our actual results of operations, financial condition or business prospects may differ materially from those expressed or implied in these forward-looking statements for a variety of reasons. Potential risks and uncertainties include, but are not limited to the unpredictable volume and timing of customer orders, which are not fixed by contract but vary on a purchase order basis; the loss of one or more key customers or the significant reduction, postponement, rescheduling or cancellation of orders from one or more customers; general economic conditions or conditions in the semiconductor or consumer electronics markets; the impact of inflation on our business and customer’s businesses and any effect this has on economic activity in the markets in which we operate; the functionalities and performance of our information technology (“IT”) systems, which are subject to cybersecurity threats and which support our critical operational activities, and any breaches of our IT systems or those of our customers, suppliers, partners and providers of third-party licensed technology; the effects on our business and our customer’s business taking into account the ongoing U.S.-China tariffs and trade disputes; the uncertainties associated with any future global or regional pandemic; the continuing tensions between Taiwan and China including enhanced military activities; decreases in the overall average selling prices of our products; changes in the relative sales mix of our products; changes in our cost of finished goods; supply chain disruptions that have affected us and our industry as well as other industries on a global basis; the payment, or non-payment, of cash dividends in the future at the discretion of our board of directors and any announced planned increases in such dividends; changes in our cost of finished goods; the availability, pricing, and timeliness of delivery of other components and raw materials used in the products we sell given the current raw material supply shortages being experienced in our industry; our customers’ sales outlook, purchasing patterns, and inventory adjustments based on consumer demands and general economic conditions; any potential impairment charges that may be incurred related to businesses previously acquired or divested in the future; our ability to successfully develop, introduce, and sell new or enhanced products in a timely manner; and the timing of new product announcements or introductions by us or by our competitors. For additional discussion of these risks and uncertainties and other factors, please see the documents we file from time to time with the U.S. Securities and Exchange Commission, including our Annual Report on Form 20-F filed with the U.S. Securities and Exchange Commission on April 30, 2024. Other than as required under the securities laws, we do not intend, and do not undertake any obligation to, update or revise any forward-looking statements, which apply only as of the date of this press release.
| Investor Contact: | Investor Contact: |
| Tom Sepenzis | Selina Hsieh |
| Senior Director of IR & Strategy | Investor Relations |
| E-mail: tsepenzis@siliconmotion.com | E-mail: ir@siliconmotion.com |
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1 One ADS is equivalent to four ordinary shares.
2
3
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