Microchip Technology Incorporated
MCHP23 yrs growthTechnology · Stock · quarterly payer
Forward Yield
2.50%
Annual Dividend
$1.82
Payout Ratio
268%
5-Yr Growth
19.9%
Ex-Date
Aug 24, 2026
Frequency
Quarterly
Summary
As of September 2026, Microchip Technology Incorporated (MCHP) yields 2.50% ($1.82 per share annually), with a blended fair-value estimate of $35.34 — -52% downside, so it screens as overvalued. Dividend safety grade: A (85/100). 23 years of dividend growth.
Is MCHP a good dividend stock?
YesMicrochip Technology Incorporated (MCHP) pays a quarterly dividend yielding 2.50% ($1.82/yr), with 23 years of growth and a dividend-safety grade of A. It scores well across payout coverage, growth history and safety — a dependable income holding.
Advantages
- 23 consecutive years of dividend growth
- Never cut its dividend on record
- Strong 19.9% 5-yr dividend growth
- Top-tier dividend safety score
Risks
- Elevated payout ratio (268%)
- Share price is down over the past 5 years
Key Data
- Dividend Yield
- 2.50%
- Payout Ratio
- 268%
- Annual Dividend
- $1.82
- 5-Yr Avg Growth
- 19.9%
- Ex-Dividend Date
- Aug 24, 2026
- Years of Growth
- 23
- Frequency
- quarterly
- Beta
- 1.74
- Market Cap
- $39.7B
- P/E Ratio
- 107.5
- 5-Yr Total Return
- -5%
- 52-Week Range
- $48.52 – $105.91
- Dividend Safety
- A · 85/100
- Ever Cut?
- No
Frequently Asked Questions
MCHP Price — Last 12 Months
Daily close
Price Return
1 Year
+14%
3 Years
-7%
5 Years
-5%
52-Week Range
$48.52 – $105.91
Price change over each period (excludes dividends). Past performance doesn't guarantee future results.
What is MCHP worth?
Overvaluedmedium confidenceOur blended fair-value estimate for Microchip Technology Incorporated is $35.34 per share, versus a market price of $72.93. That implies 52% of downside.
Fair Value
$35.34
Current Price
$72.93
Downside
-52%
Margin of Safety
-106%
How we get there
Discounted cash flow
Discounts projected free cash flow back to today.
Dividend discount
Discounts the future dividend stream back to today.
Earnings multiple (Graham)
Graham's earnings-multiple formula, anchored to bond yields.
At today's price, the market is pricing in about 40.0% annual free-cash-flow growth. We model 20.0% — so the price already assumes faster growth than we think is likely.
Assumptions: 12.0% discount rate (CAPM), 20.0% stage-1 growth, 2.5% terminal growth, $0.66 EPS, $1.82 annual dividend. Updated weekly.
Fair-value estimates are model output for educational purposes only — not investment advice or a price target.
MCHP Dividend Safety Score
Very Safe
SmarterDividends' proprietary score, backtested against which dividends were actually cut over 15+ years (0.78 AUC). It blends a validated cut-risk model (growth streak, cut history) with current payout, cash-flow and debt. Higher is safer · not investment advice.
Dividend Growth
Total dividends per share by year
Dividend History
| Ex-Date | Pay Date | Amount | Type |
|---|---|---|---|
| Aug 24, 2026 | — | $0.4550 | regular |
| May 22, 2026 | — | $0.4550 | regular |
| Feb 23, 2026 | — | $0.4550 | regular |
| Nov 24, 2025 | — | $0.4550 | regular |
| Aug 22, 2025 | — | $0.4550 | regular |
| May 22, 2025 | — | $0.4550 | regular |
| Feb 24, 2025 | — | $0.4550 | regular |
| Nov 22, 2024 | — | $0.4550 | regular |
| Aug 22, 2024 | — | $0.4540 | regular |
| May 21, 2024 | — | $0.4520 | regular |
| Feb 22, 2024 | — | $0.4500 | regular |
| Nov 21, 2023 | — | $0.4390 | regular |
| Aug 21, 2023 | — | $0.4100 | regular |
| May 19, 2023 | — | $0.3830 | regular |
Income Calculator
At $1.82 / yr per share
