OREANDA-NEWS. Silicon Motion Technology Corporation, a global leader in NAND flash controllers for SSDs and other solid state storage devices, confirms today its quarterly cash dividend.

On November 2, 2015, the Board of Directors of the Company declared payment of an annual dividend of US$0.60 per ADS, equivalent to US$0.15 per ordinary share, which will be paid in four quarterly installments of $0.15 per ADS, equivalent to US$0.0375 per ordinary share.  According to the previously announced record and payment dates, the next quarterly installment will be paid on August 17, 2016 to all shareholders of record on August 5, 2016. Our depository bank’s DR Books will be closed for issuance and cancellation on August 5, 2016.

The declaration and payment of future cash dividends are subject to the Board's continuing determination that the payment of dividends are in the best interests of the Company’s shareholders and are in compliance with all laws and agreements of the Company applicable to the declaration and payment of cash dividends.

Silicon Motion are the global leader in supplying NAND flash controllers for solid state storage devices and the merchant leader in supplying SSD controllers.  We have the broadest portfolio of controller technologies and solutions and have shipped over five billion NAND controllers, more than any other company in the world.  Our controllers are widely used in embedded storage products such as SSDs and eMMCs which are found in smartphones, PCs and industrial and commercial applications.  We also supply specialized high-performance enterprise and industrial SSD solutions.  Our customers include most of the NAND flash makers, storage device module makers and leading OEMs.