Kulicke & Soffa Raises Quarterly Dividend

Kulicke and Soffa Industries, Inc. (NASDAQ: KLIC) has announced a quarterly dividend increase of $0.02, now totaling $0.19 per share, marking the third consecutive annual dividend raise.

Rhea-AI Summary

Kulicke and Soffa Industries, Inc. (NASDAQ: KLIC) has announced a quarterly dividend increase of $0.02, now totaling $0.19 per share, marking the third consecutive annual dividend raise. The dividend will be payable on January 9, 2023 to shareholders on record as of December 22, 2022. In fiscal 2022, the company returned $322.2 million to investors through dividends and share repurchases, buying back 5.6 million shares, nearly 10% of its total shares. This strategy underlines K&S's commitment to enhancing shareholder value despite ongoing market challenges.

Positive

• Quarterly dividend increased by $0.02 to $0.19 per share.
• Third consecutive annual dividend increase demonstrates commitment to shareholder returns.
• Returned $322.2 million to investors through dividends and share repurchases in fiscal 2022.
• Repurchased 5.6 million shares, nearly 10% of total share count.

Negative

• None.

Argus Publication session

+2.83% session move Open Argus

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News Market Reaction – KLIC

In the trading session that priced this news, KLIC gained 2.83%, reflecting a moderate positive market reaction.

Data tracked by StockTitan Argus on the day of publication.

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3^rd Consecutive Annual Dividend Raise
Quarterly Dividend Increased by $0.02, to $0.19

SINGAPORE, Nov. 16, 2022 /PRNewswire/ -- Kulicke and Soffa Industries, Inc. (NASDAQ: KLIC) ("Kulicke & Soffa," "K&S" or the "Company"), announced today that its Board of Directors has declared and authorized a quarterly dividend of $0.19 per share of common stock, representing a $0.02 increase over its most recent dividend. This dividend raise marks the third annual sequential dividend increase and highlights the Company's consistent shareholder return strategy. This upcoming dividend payment will be made on January 9, 2023 to holders of record as of December 22, 2022.

"Over recent years we have dramatically increased our financial performance and also our alignment with long-term secular trends in the semiconductor, advanced display and automotive markets. We remain focused to create value strategically through ongoing organic and inorganic market expansion efforts as we also optimize returns, on a per-share basis, through a steadily rising dividend and opportunistic share repurchases," stated Fusen Chen, President and CEO.

In addition to this consecutive dividend raise, during fiscal 2022 the Company returned a total of $322.2 million to investors through dividend and share repurchase activity. Over this period, K&S repurchased a total of 5.6 million shares of common stock through its open market and accelerated repurchase programs, representing nearly 10% of its ending fiscal 2022 share count. K&S continues to actively repurchase shares through its opportunistic share repurchase program.

About Kulicke & Soffa

Kulicke & Soffa (NASDAQ: KLIC) is a leading provider of semiconductor, LED and electronic assembly solutions serving the global automotive, consumer, communications, computing and industrial markets. Founded in 1951, K&S prides itself on establishing foundations for technological advancement - creating pioneering interconnect solutions that enable performance improvements, power efficiency, form-factor reductions and assembly excellence of current and next-generation semiconductor devices.

Leveraging decades of development proficiency and extensive process technology expertise, Kulicke & Soffa's expanding portfolio provides equipment solutions, aftermarket products and services supporting a comprehensive set of interconnect technologies including wire bonding, advanced packaging, lithography, mini and micro LED transfer and electronics assembly. Dedicated to empowering technological discovery, always, K&S collaborates with customers and technology partners to push the boundaries of possibility, enabling a smarter future.

Contacts
Kulicke & Soffa
Public Relations
P: +65-6880-9309
msim@kns.com

Kulicke & Soffa
Joseph Elgindy
Finance
P: +1-215-784-7500
investor@kns.com

 

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SOURCE Kulicke & Soffa Industries, Inc.

FAQ

AI-generated questions and answers. How Rhea-AI works. Not financial advice.

What is the new dividend amount for KLIC?

The new quarterly dividend amount for Kulicke and Soffa (KLIC) is $0.19 per share.

When will the dividend for KLIC be paid?

The dividend will be paid on January 9, 2023.

What date is the record for holding KLIC shares to receive the dividend?

Shareholders must be on record by December 22, 2022, to receive the dividend.

How much has KLIC returned to investors in fiscal 2022?

Kulicke and Soffa returned a total of $322.2 million to investors in fiscal 2022.

How many shares did KLIC repurchase in fiscal 2022?

KLIC repurchased 5.6 million shares during fiscal 2022.