Micron Technology, Inc. (NASDAQ:MU) Plans Quarterly Dividend of $0.15

Micron Technology, Inc. (NASDAQ:MU) 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) dividend on an annualized basis and a dividend yield of 0.1%. The ex-dividend date is Monday, July 6th.

Micron Technology has a payout ratio of 5.4% indicating that its dividend is sufficiently covered by earnings. Analysts expect Micron Technology to earn $117.64 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 0.5%.

Micron Technology Stock Down 1.3%

Shares of NASDAQ:MU opened at $1,037.93 on Thursday. The company has a quick ratio of 2.32, a current ratio of 2.90 and a debt-to-equity ratio of 0.13. The company has a market capitalization of $1.17 trillion, a P/E ratio of 49.01 and a beta of 2.16. Micron Technology has a 52-week low of $103.38 and a 52-week high of $1,213.56. The stock’s fifty day simple moving average is $788.74 and its 200-day simple moving average is $513.50.

Micron Technology (NASDAQ:MU) 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 $20.98 by $4.13. Micron Technology had a return on equity of 41.16% and a net margin of 41.49%.The firm had revenue of $41.46 billion during the quarter, compared to analysts’ expectations of $35.91 billion. During the same quarter last year, the business posted $1.91 EPS. The firm’s quarterly revenue was up 345.8% compared to the same quarter last year. Micron Technology has set its Q4 2026 guidance at 30.000-32.000 EPS. As a group, equities research analysts forecast that Micron Technology will post 60.34 earnings per share for the current fiscal year.

About Micron Technology

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.