Micron Technology, Inc. (NASDAQ:MU) Shares to Pay Quarterly Dividend of $0.15

Micron Technology, Inc. (NASDAQ:MU) announced a quarterly dividend on Wednesday, September 30th. Investors of record on Wednesday, October 14th will be given a dividend of $0.15 per share by the semiconductor manufacturer on Thursday, October 29th. This represents a $0.60 annualized dividend and a yield of 0.1%. The ex-dividend date of this dividend is Wednesday, October 14th.

Micron Technology has a dividend payout ratio of 5.4% indicating that its dividend is sufficiently covered by earnings. Research analysts expect Micron Technology to earn $159.03 per share next year, which means the company should continue to be able to cover its $0.60 annual dividend with an expected future payout ratio of 0.4%.

Micron Technology Stock Up 0.0%

Shares of MU opened at $1,065.11 on Thursday. The company has a quick ratio of 2.98, a current ratio of 3.42 and a debt-to-equity ratio of 0.05. The business has a fifty day moving average of $952.75 and a 200 day moving average of $814.16. The company has a market cap of $1.20 trillion, a PE ratio of 24.11, a P/E/G ratio of 0.67 and a beta of 2.22. Micron Technology has a 52-week low of $165.50 and a 52-week high of $1,255.00.

Micron Technology (NASDAQ:MU) last announced its earnings results on Wednesday, September 30th. The semiconductor manufacturer reported $33.42 earnings per share for the quarter, beating the consensus estimate of $31.72 by $1.70. The business had revenue of $54.23 billion for the quarter, compared to the consensus estimate of $51.33 billion. Micron Technology had a net margin of 55.91% and a return on equity of 71.13%. The business’s revenue for the quarter was up 379.1% on a year-over-year basis. During the same quarter in the prior year, the firm posted $3.03 earnings per share. Micron Technology has set its Q1 2027 guidance at 37.150-39.150 EPS. On average, sell-side analysts expect that Micron Technology will post 73.12 EPS for the current year.

Micron Technology News Roundup

Here are the key news stories impacting Micron Technology this week:

• Positive Sentiment: Micron reported adjusted EPS of $33.42 on $54.23 billion in revenue, exceeding consensus estimates of approximately $31.72 EPS and $51.33 billion in revenue. Revenue increased 379% year over year, driven by artificial-intelligence data-center demand and high-bandwidth memory (HBM). Micron beats on revenue and earnings as global memory shortage continues
• Positive Sentiment: Fiscal first-quarter 2027 guidance was well above Wall Street expectations, with revenue projected at $60 billion-$63 billion versus a $57.2 billion consensus estimate and EPS of $37.15-$39.15 versus $35.36 expected. The outlook signals that AI-related memory demand and pricing power remain strong. Micron forecasts quarterly revenue above estimates
• Positive Sentiment: More than 75% of Micron’s expected 2027 output is reportedly committed, while analysts see memory markets remaining tight into 2028. D.A. Davidson maintained a Buy rating and raised its price target to $2,100 from $2,000. D.A. Davidson raises Micron price target

About Micron Technology

Micron Technology, Inc is a semiconductor company that develops and manufactures memory and storage solutions. Its product portfolio includes dynamic random-access memory (DRAM), NAND flash memory, three-dimensional XPoint-related technologies, solid-state drives, and high-bandwidth memory products designed for demanding computing applications.

The company serves customers across the data center, artificial intelligence, networking, automotive, industrial, mobile, consumer electronics, and embedded markets.