Silicon Motion Confirms Quarterly Dividend
July 21 2016 - 8:00AM
Silicon Motion Technology Corporation (NasdaqGS: SIMO) (“Silicon
Motion” or the “Company”), a global leader in NAND flash
controllers for SSDs and other solid state storage devices,
confirms today its quarterly cash dividend.
On November 2, 2015, the Board of Directors of the Company
declared payment of an annual dividend of US$0.60 per ADS1,
equivalent to US$0.15 per ordinary share, which will be paid in
four quarterly installments of $0.15 per ADS, equivalent to
US$0.0375 per ordinary share. According to the previously
announced record and payment dates, the next quarterly installment
will be paid on August 17, 2016 to all shareholders of record on
August 5, 2016. Our depository bank’s DR Books will be closed for
issuance and cancellation on August 5, 2016.
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.
1 One ADS is equivalent to four ordinary shares.
About Silicon Motion:We are the global leader
in supplying NAND flash controllers for solid state storage devices
and the merchant leader in supplying SSD controllers. We have
the broadest portfolio of controller technologies and solutions and
have shipped over five billion NAND controllers, more than any
other company in the world. Our controllers are widely used
in embedded storage products such as SSDs and eMMCs which are found
in smartphones, PCs and industrial and commercial
applications. We also supply specialized high-performance
enterprise and industrial SSD solutions. Our customers
include most of the NAND flash makers, storage device module makers
and leading OEMs. For further information on Silicon Motion,
visit us at www.siliconmotion.com.
Forward-Looking Statements: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 terminology such as "may," "will," "should,"
"expect," "intend," "plan," "anticipate," "believe," "estimate,"
"predict," "potential," "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 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 volume and timing of customer
orders, which are not fixed by contract but vary on a purchase
order basis; 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;
decreases in the overall average selling prices of our products;
the payment or non-payment of cash dividends in the future at the
discretion of our board of directors; changes in the relative sales
mix of our products; our ability to successfully integrate Shannon
Systems; changes in our cost of finished goods; the availability,
pricing, and timeliness of delivery of other components and raw
materials used in our customers' products; our customers' sales
outlook, purchasing patterns, and inventory adjustments based on
consumer demands and general economic conditions its customers and
consumers; our ability to successfully develop, introduce, and sell
new or enhanced products in a timely manner; and the timing of new
product announcements or introductions by us or by our competitors.
For additional discussion of these risks and uncertainties and
other factors, please see the documents we file from time to time
with the Securities and Exchange Commission, including our Annual
Report on Form 20-F filed on April 29, 2016. We assume no
obligation to update any forward-looking statements, which apply
only as of the date of this press release.
Investor Contact:
Jason Tsai
Senior Director of IR and Strategy
Tel: +1 408 519 7259
Fax: +1 408 519 7101
E-mail: jtsai@siliconmotion.com
Investor Contact:
Selina Hsieh
Investor Relations
Tel: +886 3 552 6888 x2311
Fax: +886 3 560 0336
E-mail: ir@siliconmotion.com
Media Contact:
Sara Hsu
Project Manager
Tel: +886 2 2219 6688 x3509
Fax: +886 2 2219 6868
E-mail: sara.hsu@siliconmotion.com
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