Xilinx (XLNX) on Monday lifted its quarterly dividend by 3 cents, a move the company said reflects its "strong and consistent" operating cash flow and commitment to returning shareholder value.

The San Jose, Calif.-based programmable logic solutions developer will offer shareholders a dividend of 19 cents a share, up from 16 cents, payable on June 8 to shareholders of record on May 18.

Xilinx reiterated its sales guidance for the current quarter, with revenue expected to be flat to up 5%, sequentially, assuming its shipments to customers in Japan are not affected by the recent tragedy in Japan.

Results for the quarter will be released on April 27.

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