MPS Announces a $1.00 Per Share Special Cash Dividend
Monolithic Power Systems (MPS) (Nasdaq: MPWR), a leading fabless manufacturer of high-performance analog and mixed-signal semiconductors, today announced that its Board of Directors has approved a $1.00 per share special cash dividend on MPS's outstanding common stock, payable on December 28, 2012 to stockholders of record on December 21, 2012.
"Today's announcement of a special dividend provides MPS with a tax efficient opportunity to return capital to our shareholders," said Michael Hsing, CEO and Founder of MPS. "We believe that we will continue to generate strong cash flows and are confident in our ability to maintain a healthy cash reserve to fund our growth plans."
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