ASE Technology Holding Co., Ltd. (NYSE:ASX) Increases Dividend to $0.36 Per Share

ASE Technology Holding Co., Ltd. (NYSE:ASX - Get Free Report) announced an annual dividend on Friday, June 20th, Wall Street Journal reports. Investors of record on Wednesday, July 2nd will be given a dividend of 0.359 per share by the semiconductor company on Wednesday, August 6th. This represents a dividend yield of 2.3%. The ex-dividend date of this dividend is Wednesday, July 2nd. This is a 11.9% increase from ASE Technology's previous annual dividend of $0.32.

ASE Technology has a dividend payout ratio of 38.6% indicating that its dividend is sufficiently covered by earnings.

ASE Technology Stock Down 2.6%

ASX traded down $0.27 during midday trading on Friday, reaching $10.12. 16,043,395 shares of the company were exchanged, compared to its average volume of 9,751,218. The company has a market cap of $22.35 billion, a price-to-earnings ratio of 21.51, a price-to-earnings-growth ratio of 0.55 and a beta of 1.23. ASE Technology has a one year low of $6.94 and a one year high of $12.86. The company's fifty day moving average price is $9.37 and its 200 day moving average price is $9.75. The company has a debt-to-equity ratio of 0.44, a quick ratio of 0.82 and a current ratio of 1.04.

ASE Technology (NYSE:ASX - Get Free Report) last announced its earnings results on Wednesday, April 30th. The semiconductor company reported $0.10 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.12 by ($0.02). The company had revenue of $4.59 billion for the quarter, compared to analysts' expectations of $143.62 billion. ASE Technology had a net margin of 5.62% and a return on equity of 10.35%. As a group, analysts expect that ASE Technology will post 0.76 EPS for the current year.

Institutional Inflows and Outflows

A hedge fund recently raised its stake in ASE Technology stock. Goldman Sachs Group Inc. grew its position in shares of ASE Technology Holding Co., Ltd. (NYSE:ASX - Free Report) by 15.6% during the 1st quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 5,775,272 shares of the semiconductor company's stock after buying an additional 780,651 shares during the quarter. Goldman Sachs Group Inc. owned 0.26% of ASE Technology worth $50,591,000 as of its most recent filing with the Securities & Exchange Commission. 6.80% of the stock is currently owned by hedge funds and other institutional investors.

About ASE Technology

ASE Technology Holding Co, Ltd., together with its subsidiaries, provides semiconductors packaging and testing, and electronic manufacturing services in the United States, Taiwan, Asia, Europe, and internationally. It develops, constructs, sells, leases, and manages real estate properties; produces substrates; offers information software, equipment leasing, investment advisory, and warehousing management services; commercial complex, after-sales, and support services; manages parking lot services; processes and sells computer and communication peripherals, electronic components, telecommunications equipment, and motherboards; and imports and exports goods and technology.

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