TAIPEI, Taiwan and MILPITAS, California, February 1, 2021 (GLOBE NEWSWIRE) – Silicon Motion Technology Corporation (NasdaqGS: SIMO) (“Silicon Motion” or the “Company”), a world leader in the design and marketing of NAND flash controllers for Solid State Storage Devices confirms its quarterly cash dividend today.
On October 26, 2020, the Company’s Board of Directors declared the payment of an annual dividend of US $ 1.40 per ADS.1, equivalent to US $ 0.35 per common share, to be paid in four quarterly installments of $ 0.35 per ADS, equivalent to US $ 0.0875 per common share. In accordance with the previously announced registration and payment dates, the next quarterly installment will be paid on February 26, 2021 to all shareholders of record on February 16, 2021. The DR books of our depositary bank will be closed for issuance and cancellation on February 16, 2021.
The declaration and payment of future cash dividends are subject to the Board’s continued determination that the payment of dividends is in the best interest of the Company’s shareholders and complies with all laws and Company agreements applicable to the declaration. and payment of dividends in cash. .
1 One ADS equals four ordinary shares.
About Silicon Motion:
We are the world leader in supplying NAND flash controllers for solid state storage devices and the business leader in supplying SSD controllers. We have the broadest portfolio of controller technologies and our controllers are widely used in storage products such as SSDs and eMMC + UFS devices, found in data centers, PCs, smartphones, and commercial and industrial applications. We have shipped more than six billion NAND controllers in the last ten years, more than any other company in the world. We also supply custom high-performance hyperscale data centers and industrial SSD solutions. Our customers include most of the leading NAND flash vendors, storage device module manufacturers and OEMs. For more information on Silicon Motion, visit us at www.siliconmotion.com.
This press release contains “forward-looking statements” within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. In some cases, you can identify forward-looking statements by using terminology such as “may”, “will”, “should”, “expect”, “intend”, “plan”, “anticipate”, “believe”, “estimate”, “predict “,” potential “,” to continue “or the negative of these terms or other comparable terminology. Although such statements are based on our own information and information from other sources that we believe to be reliable, you should not place undue reliance on them. These statements involve risks and uncertainties, and actual market trends or our actual results of operations, financial condition or business prospects may differ materially from those expressed or implied in these forward-looking statements for a variety of reasons. Potential risks and uncertainties include, but are not limited to, the unpredictable timing and volume of customer orders, which are not set by contract but vary by purchase order; the loss of one or more key customers or the significant reduction, postponement, rescheduling or cancellation of orders from these customers; general economic conditions or conditions in the semiconductor or consumer electronics markets; the effects on our business and the business of our customers considering the ongoing US-China trade disputes and tariffs and the recent global outbreak of COVID-19; decreases in the general average sales prices of our products; changes in the relative sales mix of our products; changes in our cost of finished products; the payment, or default, of future cash dividends at the discretion of our board of directors and any announced planned increases in such dividends; changes in our cost of finished products; the availability, prices and timeliness of delivery of other components and raw materials used in our clients’ products; our clients’ sales prospects, purchasing patterns and inventory adjustments based on consumer demands and general economic conditions; any potential impairment charges that may be incurred in connection with businesses previously acquired or sold in the future; our ability to successfully develop, introduce and sell new or improved products in a timely manner; and the timing of new product announcements or presentations by us or by our competitors. For additional information on these risks and uncertainties and other factors, please refer to the documents that we file from time to time with the Securities and Exchange Commission, including our Annual Report on Form 20-F filed on June 12, 2020. We do not assume No obligation to update the forward-looking statements, which apply only as of the date of this press release.