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

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) declared 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) annualized dividend and a yield of 2.2%. The ex-dividend date is Thursday, September 18th.

Kulicke and Soffa Industries has a payout ratio of 53.6% indicating that its dividend is sufficiently covered by earnings. 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 Price Performance

KLIC traded down $0.30 during midday trading on Monday, hitting $37.50. 610,316 shares of the company's stock traded hands, compared to its average volume of 538,776. The stock's fifty day simple moving average is $35.66 and its 200-day simple moving average is $34.58. Kulicke and Soffa Industries has a one year low of $26.63 and a one year high of $52.08.

Kulicke and Soffa Industries (NASDAQ:KLIC - Get Free Report) last issued its quarterly earnings data on Wednesday, August 6th. The semiconductor company reported $0.07 earnings per share for the quarter, beating the consensus estimate of $0.06 by $0.01. The firm had revenue of $148.41 million for the quarter, compared to analyst estimates of $145.48 million. Kulicke and Soffa Industries had a net margin of 0.90% and a negative return on equity of 1.06%. The company's revenue for the quarter was down 18.3% on a year-over-year basis. During the same quarter last year, the firm earned $0.35 earnings per share. As a group, research analysts expect that Kulicke and Soffa Industries will post 0.93 EPS for the current fiscal year.

About Kulicke and Soffa Industries

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.