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

Monolithic Power Systems, Inc. (NASDAQ:MPWR – Get Free Report) declared a quarterly dividend on Friday, June 12th. Investors of record on Tuesday, June 30th will be paid 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 yield of 0.6%. The ex-dividend date is Tuesday, June 30th.

Monolithic Power Systems has raised its dividend 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 payout ratio of 40.4% indicating that its dividend is sufficiently covered by earnings. Equities research 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%.

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Monolithic Power Systems Stock Performance

NASDAQ MPWR opened at $1,316.24 on Friday. The stock’s fifty day moving average is $1,553.78 and its two-hundred day moving average is $1,246.82. The firm has a market capitalization of $64.67 billion, a P/E ratio of 94.90, a price-to-earnings-growth ratio of 2.35 and a beta of 1.69. Monolithic Power Systems has a fifty-two week low of $686.87 and a fifty-two week high of $1,714.09.

Monolithic Power Systems (NASDAQ:MPWR – Get Free Report) last issued its earnings results on Thursday, April 30th. The semiconductor company reported $5.10 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $4.90 by $0.20. The business had revenue of $804.19 million during the quarter, compared to the consensus estimate of $781.93 million. Monolithic Power Systems had a return on equity of 19.58% and a net margin of 22.84%.The company’s revenue for the quarter was up 26.1% on a year-over-year basis. During the same period last year, the company earned $4.04 EPS. As a group, sell-side analysts forecast that Monolithic Power Systems will post 20.13 EPS for the current year.

Monolithic Power Systems Company Profile

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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.

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