Micron Technology, Inc. (MU) to Distribute Quarterly Dividend of $0.15 on July 21st

Micron Technology, Inc. (NASDAQ:MUGet Free Report) declared a quarterly dividend on Wednesday, June 24th. Stockholders of record on Monday, July 6th will be given a dividend of 0.15 per share by the semiconductor manufacturer on Tuesday, July 21st. This represents a c) annualized dividend and a dividend yield of 0.1%. The ex-dividend date is Monday, July 6th.

Micron Technology has a dividend payout ratio of 5.4% meaning its dividend is sufficiently covered by earnings. Equities analysts expect Micron Technology to earn $152.63 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 Price Performance

Shares of NASDAQ:MU opened at $975.56 on Friday. The company has a debt-to-equity ratio of 0.05, a quick ratio of 2.98 and a current ratio of 3.42. The company has a market cap of $1.10 trillion, a PE ratio of 22.09 and a beta of 2.14. Micron Technology has a 52 week low of $103.38 and a 52 week high of $1,255.00. The firm has a 50 day simple moving average of $876.93 and a 200 day simple moving average of $552.77.

Micron Technology (NASDAQ:MUGet Free Report) last posted its quarterly earnings data on Wednesday, June 24th. The semiconductor manufacturer reported $25.11 EPS for the quarter, topping analysts’ consensus estimates of $21.39 by $3.72. Micron Technology had a net margin of 55.91% and a return on equity of 71.13%. The firm had revenue of $41.46 billion during the quarter, compared to analyst estimates of $35.91 billion. During the same quarter last year, the business posted $1.91 EPS. The company’s revenue was up 345.8% on a year-over-year basis. Micron Technology has set its Q4 2026 guidance at 30.000-32.000 EPS. As a group, research analysts expect that Micron Technology will post 72.94 earnings per share for the current year.

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Micron Technology Company Profile

(Get Free Report)

Micron Technology, Inc is a global semiconductor company that designs and manufactures memory and storage solutions. Its product portfolio includes dynamic random-access memory (DRAM), NAND flash memory, solid-state drives (SSDs), memory modules and embedded memory solutions for a wide range of computing and electronic devices. Micron supplies components used in data centers, enterprise and cloud infrastructure, client computing, mobile devices, automotive systems and industrial applications, and also markets consumer-facing products under the Crucial brand.

Founded in 1978 and headquartered in Boise, Idaho, Micron has grown into an international manufacturer with research, development and production facilities across multiple regions.

Further Reading

Dividend History for Micron Technology (NASDAQ:MU)

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