Micron Technology, Inc. (NASDAQ:MU) Declares Quarterly Dividend of $0.15

Micron Technology, Inc. (NASDAQ:MUGet Free Report) declared a quarterly dividend on Wednesday, March 18th. Shareholders of record on Monday, March 30th will be given a dividend of 0.15 per share by the semiconductor manufacturer on Wednesday, April 15th. This represents a c) dividend on an annualized basis and a yield of 0.1%. The ex-dividend date is Monday, March 30th. This is a 30.4% increase from Micron Technology’s previous quarterly dividend of $0.12.

Micron Technology has a dividend payout ratio of 4.2% indicating that its dividend is sufficiently covered by earnings. Analysts expect Micron Technology to earn $10.67 per share next year, which means the company should continue to be able to cover its $0.46 annual dividend with an expected future payout ratio of 4.3%.

Micron Technology Price Performance

Shares of MU stock opened at $461.73 on Thursday. The stock’s fifty day moving average is $398.74 and its 200-day moving average is $279.79. The company has a debt-to-equity ratio of 0.19, a quick ratio of 1.78 and a current ratio of 2.46. The stock has a market capitalization of $519.68 billion, a PE ratio of 43.89 and a beta of 1.50. Micron Technology has a 52 week low of $61.54 and a 52 week high of $471.34.

Micron Technology (NASDAQ:MUGet Free Report) last released its quarterly earnings results on Wednesday, March 18th. The semiconductor manufacturer reported $12.20 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $8.50 by $3.70. The business had revenue of $23.86 billion during the quarter, compared to analysts’ expectations of $18.90 billion. Micron Technology had a return on equity of 22.71% and a net margin of 28.15%.The firm’s revenue for the quarter was up 196.3% compared to the same quarter last year. During the same period in the previous year, the business posted $1.56 earnings per share. Equities research analysts expect that Micron Technology will post 6.08 EPS for the current fiscal year.

Key Micron Technology News

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Micron Technology Company Profile

(Get Free Report)

Micron Technology, Inc is a global semiconductor company that designs and manufactures memory and storage solutions. Its product portfolio includes dynamic random-access memory (DRAM), NAND flash memory, solid-state drives (SSDs), memory modules and embedded memory solutions for a wide range of computing and electronic devices. Micron supplies components used in data centers, enterprise and cloud infrastructure, client computing, mobile devices, automotive systems and industrial applications, and also markets consumer-facing products under the Crucial brand.

Founded in 1978 and headquartered in Boise, Idaho, Micron has grown into an international manufacturer with research, development and production facilities across multiple regions.

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Dividend History for Micron Technology (NASDAQ:MU)

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