Monolithic Power Systems announces dividend for the third quarter of 2024

KIRKLAND, Wash., Sept. 13, 2024 (GLOBE NEWSWIRE) — Monolithic Power Systems, Inc. (Nasdaq: MPWR), a global provider of high-performance, semiconductor-based power electronics solutions, today announced its third quarter dividend of $1.25 per common share to all shareholders of record as of the close of business on September 30, 2024. The dividend will be paid on October 15, 2024.

Safe Harbor Statement
This press release contains “forward-looking statements” that are covered by the safe harbor provisions of the Private Securities Litigation Reform Act of 1995 and do not assume liability. These forward-looking statements are based on our current expectations, estimates and projections about our business and industry, the beliefs of management and certain assumptions made by us, all of which are subject to change. Forward-looking statements can often be identified by words such as “anticipates,” “expects,” “forecasts,” “intends,” “believes,” “plans,” “may,” “will” or “continue” and similar expressions and variations or negatives of these words. All of these statements are subject to certain risks, assumptions and uncertainties, including those described in our most recent Annual Report on Form 10-K and Quarterly Reports on Form 10-Q and other documents we file or furnish with the Securities and Exchange Commission. Should one or more of these risks or uncertainties materialize, or should underlying assumptions prove incorrect, actual results may differ materially and adversely from those projected, affecting our future results of operations, financial condition and cash flows. Accordingly, you are cautioned not to place undue reliance on these forward-looking statements, which speak only as of the date they are made. Except as required by law, MPS undertakes no obligation or undertaking to publicly update any forward-looking statements after the initial publication of this release, whether as a result of new information, future events, changed assumptions or otherwise, and expressly disclaims any such obligation or undertaking.

About Monolithic Power Systems
Monolithic Power Systems, Inc. (“MPS”) is a fabless global company providing high-performance, semiconductor-based power electronics solutions. MPS’ mission is to reduce energy consumption and material usage to improve all aspects of quality of life and create a sustainable future. Founded in 1997 by our CEO Michael Hsing, MPS has three core strengths: deep system-level knowledge, strong semiconductor design expertise, and innovative proprietary technologies in semiconductor processes, system integration, and packaging. These combined advantages enable MPS to deliver reliable, compact, and monolithic solutions that are highly energy efficient, cost-effective, and environmentally friendly, while providing consistent return on investment to our shareholders. MPS can be contacted through its website at www.monolithicpower.com or its support offices around the world.

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Monolithic Power Systems, MPS and the MPS logo are registered trademarks of Monolithic Power Systems, Inc. in the United States and certain other countries.

CONTACT: Contact:
Bernie Blegen
Executive Vice President and Chief Financial Officer
Monolithic Power Systems, Inc.
408-826-0777
[email protected]