Micron Initiates a Quarterly Cash Dividend of 10 Cents/Share
August 02 2021 - 4:49PM
Dow Jones News
By Maria Armental
Micron Technology Inc. will pay a dividend of 10 cents a share,
starting in October, the company said Monday.
"Micron's remarkable transformation over the last several years
has put the company in an outstanding position, with technology
leadership, a robust product portfolio, enhanced profitability, and
a strong, investment grade balance sheet," Chief Executive Sanjay
Mehrotra said in a statement.
The first dividend payout will be made on Oct. 18 to
shareholders of record as of the close of business on Oct. 1.
Micron, which set multiple market and product revenue records in
the most recent quarter and achieved the largest sequential
earnings improvement in its history, reported a profit of $3.14
billion for the nine month period through June 3 on $19.43 billion
in revenue, up from a profit of $1.7 billion on $15.38 billion in
revenue for the comparable nine-month period a year earlier.
Write to Maria Armental at maria.armental@wsj.com
(END) Dow Jones Newswires
August 02, 2021 16:34 ET (20:34 GMT)
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