Maxim Integrated Reports Results For The Fourth Quarter Of Fiscal 2018, Increases Dividend By 10%
Maxim Integrated Products, Inc. (MXIM)
Last maxim integrated products, inc. earnings: 4/28 04:03 pm
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Source: PR Newswire
SAN JOSE, Calif., July 26, 2018 /PRNewswire/ -- Maxim Integrated Products, Inc. (NASDAQ:MXIM) reported net revenue of $633 million for its fourth quarter of fiscal 2018 ended June 30, 2018, a 2% decrease from the $649 million revenue recorded in the prior quarter, and a 5% increase from the same quarter of last year. Tunc Doluca, President and Chief Executive Officer, commented, "We are pleased with our June quarter results. Our power management franchise in Automotive and Industrial is producing sustainable and profitable growth." Mr. Doluca continued, "This execution against our strategy is resulting in strong and predictable cash flows, which support our industry-leading dividend and stock repurchase plans. Today, we are announcing a 10% increase in our dividend, reflecting our continued commitment to return cash to shareholders and confidence in our long-term outlook."Fiscal Year 2018 Fourth Quarter ResultsBased on Generally Accepted Accounting Principles
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