Monolithic Power System (MPWR) Declares $1.00 Dividend
Monolithic Power System said on September 15, 2023 that its board of directors declared a regular quarterly dividend of $1.00 per share ($4.00 annualized). Previously, the company paid $1.00 per share.
Shares must be purchased before the ex-div date of September 28, 2023 to qualify for the dividend. Shareholders of record as of September 29, 2023 will receive the payment on October 13, 2023.
At the current share price of $440.38 / share, the stock's dividend yield is 0.91%.
Looking back five years and taking a sample every week, the average dividend yield has been 0.82%, the lowest has been 0.43%, and the highest has been 1.47%. The standard deviation of yields is 0.22 (n=235).
The current dividend yield is 0.38 standard deviations above the historical average.
Additionally, the company's dividend payout ratio is 0.42. The payout ratio tells us how much of a company's income is paid out in dividends. A payout ratio of one (1.0) means 100% of the company's income is paid in a dividend. A payout ratio greater than one means the company is dipping into savings in order to maintain its dividend - not a healthy situation. Companies with few growth prospects are expected to pay out most of their income in dividends, which typically means a payout ratio between 0.5 and 1.0. Companies with good growth prospects are expected to retain some earnings in order to invest in those growth prospects, which translates to a payout ratio of zero to 0.5.
- Read the Ultimate Guide to Dividend Harvesting.
The company's 3-Year dividend growth rate is 1.00%, demonstrating that it has increased its dividend over time.
What is the Fund Sentiment?
There are 1482 funds or institutions reporting positions in Monolithic Power System. This is a decrease of 31 owner(s) or 2.05% in the last quarter. Average portfolio weight of all funds dedicated to MPWR is 0.39%, an increase of 5.34%. Total shares owned by institutions decreased in the last three months by 2.02% to 56,783K shares. 
The put/call ratio of MPWR is 1.14, indicating a bearish outlook.
Analyst Price Forecast Suggests 35.22% Upside
As of August 31, 2023, the average one-year price target for Monolithic Power System is 595.47. The forecasts range from a low of 565.60 to a high of $656.25. The average price target represents an increase of 35.22% from its latest reported closing price of 440.38.
See our leaderboard of companies with the largest price target upside.
The projected annual revenue for Monolithic Power System is 2,014MM, an increase of 9.00%. The projected annual non-GAAP EPS is 13.21.
What are Other Shareholders Doing?
Price T Rowe Associates holds 2,420K shares representing 5.07% ownership of the company. In it's prior filing, the firm reported owning 3,334K shares, representing a decrease of 37.77%. The firm increased its portfolio allocation in MPWR by 64.52% over the last quarter.
Franklin Resources holds 1,804K shares representing 3.78% ownership of the company. In it's prior filing, the firm reported owning 1,708K shares, representing an increase of 5.33%. The firm increased its portfolio allocation in MPWR by 386.97% over the last quarter.
Invesco holds 1,462K shares representing 3.06% ownership of the company. In it's prior filing, the firm reported owning 1,640K shares, representing a decrease of 12.20%. The firm increased its portfolio allocation in MPWR by 876.63% over the last quarter.
VTSMX - Vanguard Total Stock Market Index Fund Investor Shares holds 1,408K shares representing 2.95% ownership of the company. In it's prior filing, the firm reported owning 1,384K shares, representing an increase of 1.68%. The firm increased its portfolio allocation in MPWR by 1.28% over the last quarter.
Jpmorgan Chase holds 1,264K shares representing 2.65% ownership of the company. In it's prior filing, the firm reported owning 672K shares, representing an increase of 46.86%. The firm increased its portfolio allocation in MPWR by 1,342.89% over the last quarter.
Monolithic Power System Background Information
(This description is provided by the company.)
Monolithic Power Systems, Inc. provides small, highly energy efficient, easy-to-use power solutions for systems found in industrial applications, telecom infrastructures, cloud computing, automotive, and consumer applications. MPS' mission is to reduce total energy consumption in its customers' systems with green, practical, compact solutions.
Additional reading:
- Monolithic Power Systems Announces Third Quarter Dividend
- Monolithic Power Systems Announces Results for the Second Quarter Ended June 30, 2023
- Webinar presentation dated July 31, 2023.
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