Silicon Motion Technology (NASDAQ:SIMO) is keeping its dividend in motion. The company has declared a quarterly distribution of $0.15 per American depositary share, to be paid on November 8 to shareholders of record as of November 1. That amount matches all three of its previous dividends, the most recent of which was paid at the beginning of August.
Each of the company's ADSes is equivalent to four of its ordinary shares. On a per-share basis, therefore, the disbursement amounts to $0.0375.
The just-declared dividend annualizes to $0.60 per ADS. That yields 4.5% at Silicon Motion's most recent closing ADS price of $13.41.
Fool contributor Eric Volkman has no position in Silicon Motion Technology, and neither does The Motley Fool. Try any of our Foolish newsletter services free for 30 days. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.