Xilinx Inc. (XLNX) boosted its quarterly dividend by three cents, reflecting what the company called "strong and consistent operating cash flow."
The programmable chip maker boosted its dividend to 19 cents from 16 cents. Many companies have been making similar moves now that the need to hoard cash has waned on economic improvement.
Xilinx has seen its results improve of late, helped by strength across its geographic segments. In January, Xilinx said its fiscal third-quarter profit climbed 42% as revenue grew in all geographies and segments and margins improved.
Shares closed at $32.33 Friday and were inactive premarket.
-By Nathan Becker, Dow Jones Newswires; 212-416-2855; firstname.lastname@example.org