Silicon Motion Technology (SIMO) Initiates Qtr. Dividend at 15c/ADS; Yields 1.9%

Silicon Motion Technology (NASDAQ: SIMO) has initiated a quarterly dividend of $0.15 per share, or $0.6 annualized.

The dividend will be payable on November 20, 2015, to stockholders of record on November 9, 2015, with an ex-dividend date of November 5, 2015.

The annual yield on the dividend is 1.9 percent.

The Company’s depository bank’s DR Books will be closed for issuance and cancellation on each of the record dates.

“We are proud of our track record in generating positive returns for our shareholders, which includes over almost the last three years, the payment of a quarterly dividend payment,” said Wallace Kou, President and CEO of Silicon Motion. “Our business has been growing rapidly and generates a fairly stable stream of free cash flow and we believe these trends will continue.”

For a dividend history and other dividend-related data on Silicon Motion Technology (SIMO) click here.

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