Microchip Technology Declares Record Quarterly Cash Dividend of $0.34

Microchip Technology Incorporated MCHP today announced that its Board of Directors has declared a quarterly cash dividend on its common stock of 34.3 cents per share. The dividend is payable on September 2, 2010, to stockholders of record on August 19, 2010. Microchip initiated quarterly cash dividend payments in the third quarter of fiscal year 2003, and has increased the dividend 26 times since then. “Microchip completed the June 30, 2010, quarter with $1.5 billion of cash and investments on its balance sheet, and the Company continues to demonstrate strong cash flow characteristics in its business,” said Steve Sanghi, President and CEO.