Silicon Motion Confirms Quarterly Dividend
January 24 2022 - 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 25, 2021, the Board of Directors of the Company
declared payment of an annual dividend of US$2.00 per ADS1,
equivalent to US$0.50 per ordinary share, which will be paid in
four quarterly installments of $0.50 per ADS, equivalent to
US$0.125 per ordinary share. According to the previously
announced record and payment dates, the next quarterly installment
will be paid on February 25, 2022 to all shareholders of record on
February 14, 2022. Our depository bank’s DR Books will be closed
for issuance and cancellation on February 14, 2022.
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. We supply more
SSD controllers than any other company in the world for servers,
PCs and other client devices and are the leading merchant supplier
of eMMC and UFS embedded storage controllers used in smartphones,
IoT devices and other applications. We also supply customized
high-performance hyperscale data center and specialized industrial
and automotive 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 one or more 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 together
with the uncertainties associated with the ongoing global outbreak
of COVID-19; the recent increases in tensions between Taiwan and
China including enhanced military activities; decreases in the
overall average selling prices of our products; changes in the
relative sales mix of our products; changes in our cost of finished
goods; the payment, or non-payment, of cash dividends in the future
at the discretion of our board of directors and any announced
planned increases in such dividends; changes in our cost of
finished goods; the availability, pricing, and timeliness of
delivery of other components and raw materials used in the products
we sell given the current raw material supply shortages being
experienced in our industry; our customers’ sales outlook,
purchasing patterns, and inventory adjustments based on consumer
demands and general economic conditions; any potential impairment
charges that may be incurred related to businesses previously
acquired or divested in the future; 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 May 12, 2021. We assume no
obligation to update any forward-looking statements, which apply
only as of the date of this press release.
Investor
Contact: |
Investor
Contact: |
Christopher Chaney |
Selina Hsieh |
Director of IR and Strategy |
Investor Relations |
E-mail: CChaney@siliconmotion.com |
E-mail: ir@siliconmotion.com |
|
|
Media Contact: |
|
Sara Hsu |
|
Project Manager |
|
E-mail: sara.hsu@siliconmotion.com |
|
________________________
1 One ADS is equivalent to four ordinary shares.
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