Monolithic Power Systems, Inc. (NASDAQ:MPWR) to Issue Quarterly Dividend of $2.00

Monolithic Power Systems, Inc. (NASDAQ:MPWR) declared a quarterly dividend on Friday, June 12th. Stockholders of record on Tuesday, June 30th will be given a dividend of 2.00 per share by the semiconductor company on Wednesday, July 15th. This represents a c) dividend on an annualized basis and a dividend yield of 0.6%. The ex-dividend date of this dividend is Tuesday, June 30th.

Monolithic Power Systems has increased its dividend payment by an average of 0.3%per year over the last three years and has raised its dividend every year for the last 8 years. Monolithic Power Systems has a dividend payout ratio of 40.4% indicating that its dividend is sufficiently covered by earnings. Equities analysts expect Monolithic Power Systems to earn $24.85 per share next year, which means the company should continue to be able to cover its $8.00 annual dividend with an expected future payout ratio of 32.2%.

Monolithic Power Systems Price Performance

Shares of NASDAQ:MPWR opened at $1,316.24 on Friday. Monolithic Power Systems has a one year low of $686.87 and a one year high of $1,714.09. The company has a market cap of $64.67 billion, a price-to-earnings ratio of 94.90, a PEG ratio of 2.35 and a beta of 1.69. The firm has a 50 day simple moving average of $1,553.78 and a 200 day simple moving average of $1,246.82.

Monolithic Power Systems (NASDAQ:MPWR) last posted its earnings results on Thursday, April 30th. The semiconductor company reported $5.10 earnings per share for the quarter, topping analysts’ consensus estimates of $4.90 by $0.20. The firm had revenue of $804.19 million for the quarter, compared to analysts’ expectations of $781.93 million. Monolithic Power Systems had a net margin of 22.84% and a return on equity of 19.58%. The company’s revenue was up 26.1% on a year-over-year basis. During the same quarter in the previous year, the firm posted $4.04 earnings per share. As a group, analysts expect that Monolithic Power Systems will post 20.13 EPS for the current year.

Monolithic Power Systems Company Profile

Monolithic Power Systems (NASDAQ: MPWR) is a fabless semiconductor company that designs and supplies high-performance power management solutions for a broad range of electronic systems. Founded in 1997 and headquartered in Kirkland, Washington, the company focuses on analog and mixed-signal integrated circuits that convert, regulate and monitor electrical power with an emphasis on efficiency, integration and power density.

MPS’s product portfolio includes DC?DC switching regulators, power modules, power management ICs (PMICs), LED drivers, battery-management ICs, motor drivers, and AC?DC power solutions.