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MICRON TECHNOLOGY INC 8-K Report, Corporate Update (May 12, 2022)

Reports
Other Events
Filing Date
Filed May 12, 2022
Period End
May 12, 2022
Security
MU
In the record · 2016–202610-K1110-Q348-K171

MU filed 11 annual reports (10-K), 34 quarterly reports (10-Q) and 171 current reports (8-K) between 2016 and 2026.

  1. Leadership change8-K · Feb ’17Feb ’17
  2. Material agreement8-K · Feb ’19Feb ’19
  3. Material agreement8-K · May ’21May ’21
  4. Leadership change8-K · Aug ’26Aug ’26

01—Abstract

Summary

Summary of the 8-K filed May 12, 2022. Cited figures are marked; the original filing is the authoritative source.

Micron Technology, Inc. (MU) announced during its Investor Day presentation on May 12, 2022, its intention to increase its quarterly dividend.

This move signals confidence in the company's financial health and its commitment to returning value to shareholders. While the increase is subject to Board approval and various other factors, it represents a positive development for investors seeking income from their holdings. The proposed increase would raise the quarterly dividend from $0.10 to $0.115a per share.

Investors should note that dividends are not guaranteed and can be affected by numerous factors, including the company's financial performance, capital needs, and overall business conditions. The company also included standard forward-looking statement disclaimers, directing investors to its SEC filings for a comprehensive understanding of potential risks and uncertainties.

02—Key points

Key Highlights

  1. Micron Technology announced an intended increase in its quarterly dividend from $0.10 to $0.115 per share.
  2. The dividend increase was communicated during the company's Investor Day presentation.
  3. The declaration and payment of future dividends are subject to Board of Directors approval.
  4. The company's ability to pay dividends may be influenced by financial condition, results of operations, and business conditions.
  5. Shareholders should be aware that dividends can be discontinued or reduced at any time.
  6. Standard forward-looking statement language is included, referencing potential risks and uncertainties.

03—Questions

Frequently Asked Questions

  1. What is the key announcement from Micron's Investor Day regarding shareholder returns?

    Micron Technology announced its intention to increase its quarterly dividend from $0.10 per share to $0.115 per share.

  2. Is the dividend increase guaranteed?

    No, the declaration and payment of any dividend are subject to the approval of Micron's Board of Directors. The company also notes that dividends may be discontinued or reduced at any time based on various factors.

  3. What factors could affect future dividend payments?

    Future dividends can be affected by several factors, including the company's financial condition, results of operations, capital requirements, business conditions, debt service obligations, contractual restrictions, industry practice, legal requirements, regulatory constraints, and other factors deemed relevant by the Board of Directors.

  4. Where can I find more information about the risks associated with these statements?

    The company directs investors to its filings with the Securities and Exchange Commission, specifically its most recent Form 10-K and Form 10-Q, as well as the 'certain factors' listed on micron.com/certainfactors for a comprehensive understanding of potential risks and uncertainties.

04—Continue

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