Kulicke and Soffa Industries, Inc. Declares Quarterly Dividend of $0.21 (NASDAQ:KLIC)

Key Points

• Kulicke and Soffa Industries has declared a quarterly dividend of $0.21, with the payment set for October 7th to shareholders of record on September 18th.
• The company reported earnings of $0.07 per share for its last quarter, exceeding analyst expectations, but experienced an 18.3% decline in revenue year-over-year.
• Kulicke and Soffa's dividend payout ratio is 53.6%, indicating a sustainable dividend supported by earnings projections for the upcoming fiscal year.

Kulicke and Soffa Industries, Inc. (NASDAQ:KLIC - Get Free Report) announced a quarterly dividend on Friday, August 29th, RTT News reports. Investors of record on Thursday, September 18th will be paid a dividend of 0.205 per share by the semiconductor company on Tuesday, October 7th. This represents a c) dividend on an annualized basis and a yield of 2.3%. The ex-dividend date of this dividend is Thursday, September 18th.

Kulicke and Soffa Industries has a payout ratio of 53.6% indicating that its dividend is sufficiently covered by earnings. Equities research analysts expect Kulicke and Soffa Industries to earn $1.73 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 47.4%.

Kulicke and Soffa Industries Stock Performance

NASDAQ KLIC traded down $0.22 during mid-day trading on Wednesday, reaching $36.30. 114,521 shares of the stock were exchanged, compared to its average volume of 587,043. The business's 50 day moving average is $35.69 and its 200-day moving average is $34.59. Kulicke and Soffa Industries has a 1 year low of $26.63 and a 1 year high of $52.08. The company has a market capitalization of $1.89 billion, a P/E ratio of 453.99 and a beta of 1.57.

Kulicke and Soffa Industries (NASDAQ:KLIC - Get Free Report) last announced its quarterly earnings results on Wednesday, August 6th. The semiconductor company reported $0.07 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.06 by $0.01. Kulicke and Soffa Industries had a net margin of 0.90% and a negative return on equity of 1.06%. The firm had revenue of $148.41 million for the quarter, compared to the consensus estimate of $145.48 million. During the same period in the prior year, the firm posted $0.35 earnings per share. The firm's quarterly revenue was down 18.3% compared to the same quarter last year. Equities analysts predict that Kulicke and Soffa Industries will post 0.93 earnings per share for the current fiscal year.

Kulicke and Soffa Industries Company Profile

Kulicke and Soffa Industries, Inc designs, manufactures, and sells capital equipment and tools used to assemble semiconductor devices. It operates through four segments: Ball Bonding Equipment, Wedge Bonding Equipment, Advanced Solutions, and Aftermarket Products and Services (APS). The company offers ball bonding equipment, wafer level bonding equipment, wedge bonding equipment; and advanced display, die-attach, and thermocompression systems and solutions, as well as tools, spares and services for equipment.