A Tech Dividend Stock: Microchip Technology

Microchip Technology, (MCHP), is a dividend paying stock listed in the Tech section of our High Dividend Stocks by Sector tables. MCHP’s current dividend yield is 4.66%. MCHP is a leading provider of microcontroller and analog semiconductors, and is based in Arizona. The firm recently upped its earnings guidance for Q4 fiscal 2010, from $.34/share to $.42, (non-GAAP), citing stronger bookings and sales. They also expect sales to be up 8%. MCHP reports earnings this coming week, on May 5th.

MCHP recently bought Silicon Storage Technology, whose SuperFlash technology is used widely in advanced microcontrollers. MCHP will now be able to embed this technology in its microcontrollers, which is their core business. Although its debt load is slightly higher than its peers, MCHP’s balance sheet is solid, and this firm fares well overall in our Industry Comparison table.

Source: DoubleDividendStocks.com


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