Silicon Motion Confirms Quarterly Dividend
January 28 2019 - 8:00AM
Silicon Motion Technology Corporation (NasdaqGS: SIMO)(“Silicon
Motion” or the “Company”), a global leader in designing and
marketing NAND flash controllers for solid state storage devices,
confirms today its quarterly cash dividend.
On October 29, 2018, the Board of Directors of the Company
declared payment of an annual dividend of US$1.20 per ADS1,
equivalent to US$0.30 per ordinary share, which will be paid in
four quarterly installments of $0.30 per ADS, equivalent to
US$0.075 per ordinary share. According to the previously
announced record and payment dates, the next quarterly installment
will be paid on February 27, 2019 to all shareholders of record on
February 15, 2019. Our depository bank’s DR Books will be closed
for issuance and cancellation on February 15, 2019.
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.
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 our controllers are widely used in embedded
storage products such as SSDs and eMMCs+UFS, which are found in
smartphones, PCs, commercial and industrial applications. We ship
over 750 million NAND controllers annually and have shipped over
five billion NAND controllers in the last ten years, more than any
other company in the world. We also supply specialized
high-performance hyperscale data center and industrial SSD
solutions. Our customers include most of the NAND flash
vendors, 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;
the effects on our business and our customer’s business taking into
account the ongoing US-China tariffs and trade disputes; 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 30, 2018. 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 E-mail:
jtsai@siliconmotion.com
Investor Contact: Selina Hsieh Investor
Relations E-mail: ir@siliconmotion.com
Media Contact:Sara HsuProject ManagerE-mail:
sara.hsu@siliconmotion.com
_________________________
1 One ADS is equivalent to four ordinary shares.
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