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The semiconductor industry has experienced robust demand over the past few months. With substantial investments–and as the chip shortage is gradually eases–the Semiconductor Industry Association (SIA) predicts annual global sales to increase 25.6% in 2021 and 8.8% in 2022, exceeding $600 billion in 2022. The anticipated robust demand bodes well for MPWR because the company is well-positioned to capitalize on the growing semiconductor market.
Furthermore, MPWR’s $2.40 annual dividend yields 0.48% at its current share price. On September 15, the company announced its third-quarter dividend of $0.60 per common share, which was to be paid on October 15, 2021. MPWR’s dividend payouts have increased at a 27.9% CAGR over the past three years and a 23.5% CAGR over the past five years.
