Silicon Motion Technology Corporation confirmed its quarterly cash dividend. On October 24, 2016, the Board of Directors of the Company declared payment of an annual dividend of $0.80 per ADS1, equivalent to $0.20 per ordinary share, which will be paid in four quarterly installments of $0.20 per ADS, equivalent to $0.05 per ordinary share.  According to the previously announced record and payment dates, the next quarterly installment will be paid on February 23, 2017 to all shareholders of record on February 13, 2017. The company's depository bank’s DR Books will be closed for issuance and cancellation on February 13, 2017.