Kulicke and Soffa Industries, Inc. (NASDAQ:KLIC – Get Free Report) declared a quarterly dividend on Wednesday, May 27th. Stockholders of record on Thursday, June 18th will be paid a dividend of 0.205 per share by the semiconductor company on Wednesday, July 8th. This represents a c) dividend on an annualized basis and a dividend yield of 0.8%. The ex-dividend date is Thursday, June 18th.
Kulicke and Soffa Industries has increased its dividend payment by an average of 0.1%per year over the last three years and has increased its dividend every year for the last 7 years. Kulicke and Soffa Industries has a payout ratio of 53.6% meaning its dividend is sufficiently covered by earnings. Equities analysts expect Kulicke and Soffa Industries to earn $3.69 per share next year, which means the company should continue to be able to cover its $0.82 annual dividend with an expected future payout ratio of 22.2%.
Kulicke and Soffa Industries Stock Performance
NASDAQ:KLIC traded down $2.96 during midday trading on Wednesday, reaching $105.61. 909,676 shares of the stock traded hands, compared to its average volume of 765,419. The stock has a market capitalization of $5.53 billion, a P/E ratio of 101.55 and a beta of 1.66. The company has a fifty day moving average of $82.42 and a 200 day moving average of $64.35. Kulicke and Soffa Industries has a 12 month low of $31.32 and a 12 month high of $109.88.
About Kulicke and Soffa Industries
Kulicke & Soffa Industries (NASDAQ:KLIC) is a global supplier of semiconductor and LED assembly equipment. The company specializes in the design, development and manufacture of advanced die bonding, wire bonding, flip-chip bumping and wafer-level packaging systems. Its solutions support a wide range of applications in consumer electronics, automotive, communications and other high-growth segments within the semiconductor and LED industries.
Key products include precision wire bonders for microelectronic packaging, die attach systems for chip placement, flip-chip bonders for advanced packaging architectures and LED packaging platforms that enable high-volume production of automotive and general-illumination LEDs.
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