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Silicon Motion Technology: Silicon Motion Announces Quarterly Dividend

The following excerpt is from the company's SEC filing.

Taipei, Taiwan, October 23, 2015 Silicon Motion Technology Corporation (NasdaqGS: SIMO) (Silicon Motion or the Company), a global leader in NAND flash controllers for solid state storage devices and specialty RF IC solutions for mobile devices, announces today its quarterly cash dividend.

The Board of Directors of the Company has declared the payment of a quarterly dividend of US$0.15 per ADS

, equivalent to US$0.0375 per ordinary share, which will be paid on November 20, 2015 to all shareholders of record on November 9, 2015. Our depository banks DR Books will be closed for issuance and canc ellation on November 9, 2015.

The payment of future cash dividends are subject to the Boards continuing determination that the payment of dividends are in the best interests of the Companys 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 a fabless semiconductor company that designs, develops and markets high performance, low-power semiconductor solutions to OEMs and other customers in the mobile storage and mobile communications markets. For the mobile storage market, our key products are microcontrollers used in solid state storage devices such as SSDs, eMMCs and other embedded flash applications, as well as expandable storage products. For the mobile communications market, our...