CHANDLER, Ariz. (AP) - Microchip Technology Inc., which makes semiconductors and microcontrollers, said Wednesday it would pay a quarterly cash dividend next month.

The company said the dividend of 34 cents per share would be payable Dec. 2 to shareholders of record on Nov. 18.

Microchip shares rose 26 cents to $24.41 in regular trading, then added 74 cents, or 3 percent, to $25.20 in extended trading after the company reported Sept. 30-quarter results that beat analysts' forecasts.

MICROCHIP TECHNOLOGY INC  NASDAQ:MCHP  Updated: 16:00 ET  26.47  +0.61

11/04/09 18:26 © Copyright The Associated Press. All rights reserved. The information contained In this news report may not be published, broadcast or otherwise distributed without the prior written authority of The Associated Press.