Microchip Technology Stock To Go Ex-dividend Tomorrow (MCHP)

NEW YORK ( TheStreet) -- The ex-dividend date for Microchip Technology (Nasdaq: MCHP) is tomorrow, February 19, 2014. Owners of shares as of market close today will be eligible for a dividend of 36 cents per share. At a price of $45.55 as of 9:50 a.m. ET, the dividend yield is 3.1%.

The average volume for Microchip Technology has been 2.3 million shares per day over the past 30 days. Microchip Technology has a market cap of $9.11 billion and is part of the technology sector and electronics industry. Shares are up 2.3% year to date as of the close of trading on Friday.

Microchip Technology Incorporated engages in developing, manufacturing, and selling semiconductor products for embedded control applications.

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TheStreet Ratings rates Microchip Technology as a buy. The company's strengths can be seen in multiple areas, such as its robust revenue growth, solid stock price performance, notable return on equity, expanding profit margins and good cash flow from operations. Although the company may harbor some minor weaknesses, we feel they are unlikely to have a significant impact on results. You can view the full Microchip Technology Ratings Report.

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