Silicon Motion Confirms Quarterly Dividend

Silicon Motion Technology (NASDAQ:SIMO) has confirmed its quarterly cash dividend.
As quoted in the press release:

On October 24, 2016, the Board of Directors of the Company declared payment of an annual dividend of US$0.80 per ADS¹, equivalent to US$0.20 per ordinary share, which will be paid in four quarterly installments of $0.20 per ADS, equivalent to US$0.05 per ordinary share.  According to the previously announced record and payment dates, the next quarterly installment will be paid on August 17, 2017 to all shareholders of record on August 7, 2017. Our depository bank’s DR Books will be closed for issuance and cancellation on August 7, 2017.

The declaration and payment of future cash dividends are subject to the Board’s continuing determination that the payment of dividends are in the best interests of the Company’s shareholders and are in compliance with all laws and agreements of the Company applicable to the declaration and payment of cash dividends.

Click here to read the full press release.