If you are searching for the MU stock dividend, the latest answer is straightforward: Micron Technology declared a quarterly dividend of $0.15 per share on September 30, 2026. The dividend is scheduled to be paid on October 29, 2026, to shareholders of record as of the close of business on October 14, 2026.
That dividend is only one part of the Micron Technology shareholder-return story. The memory-chip manufacturer finished fiscal 2026 with record revenue, sharply higher profitability and $62.31 billion in adjusted free cash flow. Micron also entered fiscal 2027 with guidance for another major increase in quarterly revenue and earnings.
For dividend-focused investors, however, one important distinction matters: Micron remains a very low-yielding dividend stock relative to many traditional income investments. Its investment case is much more closely connected to earnings growth, AI memory demand, capital appreciation and potential share repurchases than to dividend income alone.
Micron Dividend at a Glance
| Metric | Latest information |
|---|---|
| Company | Micron Technology, Inc. |
| Ticker | MU |
| Latest quarterly dividend | $0.15 per share |
| Annualized dividend | $0.60 per share |
| Declaration date | September 30, 2026 |
| Record date | October 14, 2026 |
| Payment date | October 29, 2026 |
| Sept. 30, 2026 closing price | $1,065.11 |
| Approx. annualized dividend yield at that price | 0.06% |
The annualized yield is calculated by multiplying the $0.15 quarterly dividend by four and dividing by the September 30 closing price. The actual yield changes as MU stock moves.
What Is the Latest MU Stock Dividend?
Micron’s latest declared dividend is $0.15 per share.
On September 30, 2026, Micron’s board declared a quarterly cash dividend of $0.15 per share. The company said the payment would be made on October 29 to shareholders recorded as of October 14.
The current $0.15 quarterly payment represents an increase from Micron’s $0.115 quarterly dividend used through much of fiscal 2025 and into fiscal 2026. Micron declared a $0.115 dividend in September 2025 and again in December 2025. The company subsequently declared $0.15 per share in March, June and September 2026.
That means the quarterly dividend increased by about 30.4%, from $0.115 to $0.15.
MU Stock Dividend Date
For the latest dividend:
- Declaration date: September 30, 2026
- Record date: October 14, 2026
- Payment date: October 29, 2026
- Dividend: $0.15 per share
Investors should distinguish the record date from the payment date. The record date determines which shareholders are entitled to receive the declared dividend, while the payment date is when Micron says the cash will be distributed.
Micron Dividend History: How Has the Payment Changed?
Micron’s recent dividend history shows a relatively stable payment followed by an increase during fiscal 2026.
| Fiscal period | Quarterly dividend |
|---|---|
| 2023 | $0.115 |
| 2024 | $0.115 |
| 2025 | $0.115 |
| Early fiscal 2026 | $0.115 |
| March 2026 | $0.15 |
| June 2026 | $0.15 |
| September 2026 | $0.15 |
Micron declared $0.115 per share in September 2024 and September 2025. The board later raised the quarterly amount to $0.15 in March 2026, with subsequent quarterly declarations at the same $0.15 level.
This history is useful because it shows that the dividend has not historically been the primary driver of Micron’s shareholder-return profile.
Why Is Micron’s Dividend Yield So Low?
The main reason is the relationship between the dividend and the stock price.
At the September 30, 2026 closing price of $1,065.11, a $0.60 annualized dividend represents a yield of approximately 0.056%, or about 0.06%.
That is a very small cash yield. Therefore, someone researching MU stock dividend should not automatically treat Micron like a traditional income stock.
The more important questions are:
- How quickly can Micron grow earnings?
- Can AI-related memory demand remain strong?
- How much free cash flow can Micron generate through the semiconductor cycle?
- How much capital will management allocate to manufacturing expansion?
- Could additional cash eventually be directed toward buybacks or higher dividends?
Those factors can have a substantially greater impact on total shareholder returns than the current dividend alone.
Micron’s Latest Earnings: Record Revenue and Profitability
Micron’s fiscal fourth-quarter 2026 results materially changed the backdrop for the dividend discussion.
For the quarter ended September 3, 2026, Micron reported:
- Revenue: $54.23 billion
- GAAP net income: $37.70 billion
- GAAP diluted EPS: $32.87
- Non-GAAP diluted EPS: $33.42
- GAAP gross margin: 86.8%
- Operating cash flow: $43.97 billion
- Adjusted free cash flow: $33.20 billion
Revenue rose from $41.46 billion in fiscal Q3 2026 and $11.32 billion in the year-ago quarter.
For the full fiscal year, Micron reported $133.19 billion of revenue, compared with $37.38 billion in fiscal 2025. GAAP net income reached $84.97 billion, while adjusted free cash flow reached $62.31 billion.
This cash-generation improvement is particularly relevant to the sustainability of future dividend payments.
Micron’s Fiscal 2027 Guidance Raises the Growth Stakes
Micron’s first-quarter fiscal 2027 guidance calls for:
- Revenue: $61.5 billion ± $1.5 billion
- GAAP gross margin: approximately 85.95%
- Non-GAAP gross margin: approximately 86.25%
- GAAP diluted EPS: $37.84 ± $1.00
- Non-GAAP diluted EPS: $38.15 ± $1.00
Micron’s guidance therefore points to another sequential increase in revenue from fiscal Q4’s $54.23 billion.
For investors, the key issue is not simply whether earnings are growing. It is whether that earnings growth can persist as Micron increases manufacturing capacity and navigates the inherently cyclical memory semiconductor market.
How AI Is Changing Micron’s Business
AI infrastructure has become one of the most important drivers of Micron’s growth outlook.
Modern AI systems require enormous amounts of memory, particularly high-bandwidth memory (HBM), alongside conventional DRAM and other memory products.
Micron’s latest results illustrate the scale of the opportunity. Its Core Data Center Business Unit generated $18.00 billion of fiscal Q4 revenue, compared with $11.52 billion in fiscal Q3 and $1.58 billion in the year-ago quarter. Its gross margin was 90% and operating margin was 85% for the quarter.
Micron also said HBM4 was in high-volume shipments for its lead customer’s platform, while qualification samples had been shipped to multiple additional customers. The company expects HBM4E volume production in calendar 2027.
This makes AI memory demand, hyperscaler spending and data-center expansion important variables for MU stock.
Micron’s Cash Generation and Capital Allocation
Micron’s fiscal 2026 cash flow was dramatically stronger than in previous years.
The company generated $89.68 billion of operating cash flow during fiscal 2026, compared with $17.53 billion in fiscal 2025. Adjusted free cash flow increased to $62.31 billion from $3.72 billion.
At the same time, Micron invested heavily in capacity. Net capital expenditures totaled $27.37 billion during fiscal 2026, including $10.77 billion in the fourth quarter.
This creates an important capital-allocation balancing act:
- dividends;
- semiconductor manufacturing expansion;
- research and development;
- debt management;
- strategic investments;
- and potential share repurchases.
Micron ended fiscal 2026 with $73.48 billion in cash, marketable investments and restricted cash, giving the company substantial financial resources.
What Does Micron’s Dividend Mean for Shareholder Returns?
The current dividend is better viewed as one component of a broader capital-allocation strategy.
Micron’s historical investor materials show that the company has returned billions of dollars to shareholders through a combination of dividends and stock repurchases. Its fiscal 2025 presentation showed approximately $2.0 billion of cumulative dividends from fiscal 2022 through fiscal 2025, alongside approximately $3.2 billion in share repurchases.
The distinction matters because a company can return cash to shareholders in multiple ways.
A dividend provides direct cash income. A share repurchase can reduce the number of shares outstanding and potentially increase each remaining shareholder’s proportional ownership.
For MU investors, therefore, monitoring Micron stock buybacks alongside dividend payments may provide a more complete picture of shareholder returns.
What Is the MU Stock Price?
Micron shares closed at $1,065.11 on September 30, 2026, according to historical market data.
That price is useful for calculating the dividend yield, but MU stock has experienced significant volatility because semiconductor valuations are heavily influenced by expectations for future memory pricing, supply, demand and earnings.
For that reason, the dividend yield should always be recalculated using the current share price rather than relying on a static figure.
What Are Analysts Saying About Micron’s Price Target?
Analyst estimates vary considerably, so they should be treated as market expectations rather than guarantees.
One S&P Global-sourced compilation showed 49 analysts with an average price target of approximately $1,521 as of October 1, 2026. Another market-data compilation showed an average target around $1,520.76. Individual analyst targets differed substantially.
The range itself demonstrates why consensus targets should not be confused with a guaranteed MU stock forecast.
More importantly, analysts have been focusing heavily on Micron’s fiscal 2027 earnings potential, HBM demand, gross margins and capital spending rather than simply the company’s dividend.
MU Stock Outlook: What Should Investors Watch?
The biggest variables for Micron’s future earnings and shareholder returns include:
1. HBM demand
High-bandwidth memory is central to AI accelerators and data-center infrastructure. Continued HBM adoption could support revenue growth and margins.
2. Memory pricing
DRAM and NAND markets remain cyclical. Changes in supply and demand can materially affect Micron’s revenue and profitability.
3. Manufacturing investment
Micron is spending heavily to expand production capacity. The key question is whether future capacity additions align with sustainable demand.
4. AI infrastructure spending
Cloud providers and other technology companies are investing heavily in AI infrastructure. The pace of those investments affects demand for advanced memory.
5. Free cash flow
Micron’s $62.31 billion of fiscal 2026 adjusted free cash flow provides considerably more financial flexibility than the company had in weaker memory-market periods.
6. Capital allocation
Future dividends, buybacks and other uses of cash could influence total shareholder returns.
Is Micron Technology Stock Primarily a Dividend Investment?
No. MU is currently more closely associated with semiconductor growth and capital appreciation than dividend income.
The $0.15 quarterly dividend provides shareholders with cash distributions, but the annualized $0.60 payment represents only about 0.06% of the September 30, 2026 share price.
The more significant investment variables are Micron’s earnings trajectory, AI-related memory demand, HBM production, gross margins, free cash flow and the cyclicality of the memory industry.
That does not make the dividend irrelevant. A growing dividend can signal increasing confidence in recurring cash generation and provide an additional component of total return.
But investors looking specifically for high current income should recognize the difference between a company that pays a dividend and a high-yield dividend stock.
source: nasdaq.com
Bottom Line on the MU Stock Dividend
The latest MU stock dividend is $0.15 per share, with Micron’s October 2026 payment scheduled for October 29 to shareholders of record on October 14.
Micron’s dividend has increased from $0.115 to $0.15 per quarter during fiscal 2026, while the company’s financial performance has accelerated dramatically. Fiscal 2026 revenue reached $133.19 billion, adjusted free cash flow reached $62.31 billion, and fiscal 2027 began with guidance for $61.5 billion of quarterly revenue at the midpoint.
The central issue for MU shareholders is therefore broader than the dividend itself. Micron’s future shareholder returns will depend on how successfully the company converts AI-driven memory demand, HBM growth and manufacturing investments into sustainable earnings and cash flow.
For anyone tracking Micron, the dividend is worth monitoring—but so are free cash flow, capital expenditures, memory pricing, HBM demand, margins and future capital allocation.
Frequently Asked Questions About MU Stock
Mu stock dividend announcement
Micron announced its latest dividend on September 30, 2026. The board declared a $0.15-per-share quarterly dividend, payable October 29, 2026, to shareholders of record on October 14, 2026.
Micron dividend per share
The latest Micron dividend is $0.15 per share per quarter, equivalent to $0.60 per share on an annualized basis if the quarterly rate remains unchanged.
Mu stock dividend date
The latest announced payment date is October 29, 2026. The record date is October 14, 2026.
Mu stock dividend history
Micron paid a quarterly dividend of $0.115 through much of the recent period before increasing it to $0.15 in March 2026. The company subsequently declared $0.15 quarterly dividends in June and September 2026.
MU stock price
Micron closed at $1,065.11 on September 30, 2026. Stock prices change continuously during market hours, so investors should check a live market-data source for the latest price.
What is Micron’s annual dividend?
At the current $0.15 quarterly rate, Micron’s annualized dividend is $0.60 per share.
Is Micron a high-dividend stock?
No. At the September 30, 2026 closing price of $1,065.11, the annualized $0.60 dividend equates to approximately 0.06%. Micron’s financial profile is more focused on semiconductor growth and shareholder returns through earnings, cash generation and capital allocation than on high dividend income.
Why is Micron’s dividend important?
The dividend provides a direct cash return to shareholders and has increased from $0.115 to $0.15 per quarter. However, the dividend represents only one part of Micron’s capital-allocation strategy; free cash flow, manufacturing investment and potential share repurchases are also important considerations.
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