Kulicke & Soffa Raises Quarterly Dividend; Expands Repurchase Authorization
Kulicke & Soffa (NASDAQ: KLIC) has announced two significant shareholder-friendly moves: a dividend increase and an expanded share repurchase program.
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Rhea-AI Summary
Kulicke & Soffa (NASDAQ: KLIC) has announced two significant shareholder-friendly moves: a dividend increase and an expanded share repurchase program. The company raised its quarterly dividend by $0.005 to $0.205 per share, marking its fifth consecutive annual dividend increase. The dividend will be paid on January 7, 2025, to shareholders of record as of December 19, 2024. Additionally, the Board authorized a new $300 million share repurchase program, which will commence after completing the current program with $30.3 million remaining. Since 2014, K&S has repurchased 30.2 million shares at an average price of $28.75 per share.
Positive
- Fifth consecutive annual dividend increase, showing consistent shareholder returns
- New $300 million share repurchase program authorized
- Strong history of share repurchases with 30.2 million shares bought at $28.75 average
Negative
- None.
Details
News Market Reaction – KLIC
The recorded move for KLIC in the trading session of this news was -3.06%.
Data tracked by StockTitan Argus. Session date unavailable.
AI-generated analysis. How Rhea-AI works. Not financial advice.
Fifth Consecutive Annual Dividend Raise; Quarterly Dividend Increased to
New
In addition to the quarterly dividend increase, K&S expanded its shareholder return activities with a new
Cumulatively, since the announcement of the Company's initial repurchase program on August 27, 2014, K&S has repurchased a total of 30.2 million shares at an average price of approximately
About Kulicke & Soffa
Founded in 1951, Kulicke & Soffa specializes in developing cutting-edge semiconductor and electronics assembly solutions enabling a smart and more sustainable future. Our ever-growing range of products and services supports growth and facilitates technology transitions across large-scale markets, such as advanced display, automotive, communications, compute, consumer, data storage, energy storage and industrial.
Contacts:
Kulicke & Soffa
Marilyn Sim
Public Relations
P: +65-6880-9309
msim@kns.com
Kulicke & Soffa
Joseph Elgindy
Finance
P: +1-215-784-7500
investor@kns.com
View original content:https://www.prnewswire.com/news-releases/kulicke--soffa-raises-quarterly-dividend-expands-repurchase-authorization-302304500.html
SOURCE Kulicke & Soffa Industries, Inc.
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