S&P 500   4,567.00
DOW   34,483.72
QQQ   393.82
S&P 500   4,567.00
DOW   34,483.72
QQQ   393.82
S&P 500   4,567.00
DOW   34,483.72
QQQ   393.82
S&P 500   4,567.00
DOW   34,483.72
QQQ   393.82

United Microelectronics Co. (NYSE:UMC) to Issue Dividend Increase - $0.29 Per Share

Friday, July 9, 2021 | MarketBeat

United Microelectronics Co. (NYSE:UMC) declared an annual dividend on Friday, July 9th, Wall Street Journal reports. Shareholders of record on Thursday, July 22nd will be paid a dividend of 0.2854 per share by the semiconductor company on Friday, August 20th. This represents a dividend yield of 2.3%. The ex-dividend date is Wednesday, July 21st. This is a positive change from United Microelectronics's previous annual dividend of $0.14.

United Microelectronics has increased its dividend by 66.1% over the last three years.

Shares of United Microelectronics stock traded up $0.21 on Friday, hitting $9.53. The stock had a trading volume of 5,622,678 shares, compared to its average volume of 6,782,698. The firm has a market cap of $22.35 billion, a PE ratio of 17.75, a price-to-earnings-growth ratio of 0.88 and a beta of 1.03. The company has a current ratio of 2.28, a quick ratio of 2.00 and a debt-to-equity ratio of 0.11. United Microelectronics has a 52-week low of $2.66 and a 52-week high of $11.28. The business has a 50 day moving average price of $9.25.

United Microelectronics (NYSE:UMC) last announced its earnings results on Wednesday, April 28th. The semiconductor company reported $0.15 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.11 by $0.04. United Microelectronics had a net margin of 20.65% and a return on equity of 16.53%. The business had revenue of $47.10 billion for the quarter, compared to analyst estimates of $46.43 billion. During the same period last year, the firm posted $0.19 earnings per share. The company's revenue for the quarter was up 11.4% compared to the same quarter last year. As a group, research analysts predict that United Microelectronics will post 0.55 EPS for the current fiscal year.

A number of equities research analysts have recently commented on UMC shares. Macquarie raised shares of United Microelectronics from a "neutral" rating to an "outperform" rating in a report on Thursday, April 29th. Sanford C. Bernstein cut United Microelectronics from a "market perform" rating to an "underperform" rating and decreased their price objective for the stock from $8.40 to $7.30 in a research report on Monday, June 7th. Finally, Zacks Investment Research lowered United Microelectronics from a "hold" rating to a "sell" rating in a report on Wednesday, June 30th. Two equities research analysts have rated the stock with a sell rating, one has given a hold rating and four have given a buy rating to the company's stock. United Microelectronics presently has an average rating of "Hold" and a consensus target price of $6.30.

United Microelectronics Company Profile

United Microelectronics Corporation operates as a semiconductor wafer foundry in Taiwan, Singapore, China, Hong Kong, Japan, the United States, Europe, and internationally. It operates through Wafer Fabrication and New Business segments. The company provides circuit design, mask tooling, wafer fabrication, and assembly and testing services.

See Also: How to build a Fibonacci channel

Dividend History for United Microelectronics (NYSE:UMC)

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to [email protected]

Should you invest $1,000 in United Microelectronics right now?

Before you consider United Microelectronics, you'll want to hear this.

MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and United Microelectronics wasn't on the list.

While United Microelectronics currently has a "Buy" rating among analysts, top-rated analysts believe these five stocks are better buys.

View The 5 Stocks Here

 


Resources

Premium Research Tools

MarketBeat All Access subscribers can access stock screeners, the Idea Engine, data export tools, research reports, and other premium tools.

Discover All Access

Market Data and Calendars

Looking for new stock ideas? Want to see which stocks are moving? View our full suite of financial calendars and market data tables, all for free.

View Market Data

Investing Education and Resources

Receive a free world-class investing education from MarketBeat. Learn about financial terms, types of investments, trading strategies and more.

Financial Terms
Details Here
MarketBeat - Stock Market News and Research Tools logo

MarketBeat empowers individual investors to make better trading decisions by providing real-time financial data and objective market analysis. Whether you’re looking for analyst ratings, corporate buybacks, dividends, earnings, economic reports, financials, insider trades, IPOs, SEC filings or stock splits, MarketBeat has the objective information you need to analyze any stock. Learn more about MarketBeat.

MarketBeat is accredited by the Better Business Bureau

© American Consumer News, LLC dba MarketBeat® 2010-2021. All rights reserved.
326 E 8th St #105, Sioux Falls, SD 57103 | U.S. Based Support Team at [email protected] | (844) 978-6257
MarketBeat does not provide personalized financial advice and does not issue recommendations or offers to buy stock or sell any security.

Our Accessibility Statement | Terms of Service | Do Not Sell My Information

© 2021 Market data provided is at least 10-minutes delayed and hosted by Barchart Solutions. Information is provided 'as-is' and solely for informational purposes, not for trading purposes or advice, and is delayed. To see all exchange delays and terms of use please see disclaimer. Fundamental company data provided by Zacks Investment Research.