#1 - United Microelectronics (NYSE:UMC)
United Microelectronics (NYSE:UMC) is an easy choice to top this list of dividend stocks to buy under $20. However, the stock is making a push to not hold that title much longer. UMC stock experienced phenomenal growth in 2020. Starting the year at $2.66 per share, the share price exploded to $8.43 by year’s end. And the growth shows no signs of stopping.
At the time of this writing, United Microelectronics is up to $9.41 and that’s down from a high of $10.27 which was its highest level in over 20 years. Like many semiconductor stocks, UMC has benefited from the emerging trends that require its chips.
Moving forward, the company is concentrating its efforts in providing chips for Internet-of-Things (IoT) and automotive applications. Since these are two areas that will continue to dominate the market, you can expect UMC stock to continue on its growth track. And the stock has an annual dividend that currently has a 2.45% yield.
About United Microelectronics
United Microelectronics Corporation operates as a semiconductor wafer foundry in Taiwan, Singapore, China, Hong Kong, Japan, the United States, Europe, and internationally. The company provides circuit design, mask tooling, wafer fabrication, and assembly and testing services. It serves fabless design companies and integrated device manufacturers.
Read More - Current Price
- $7.79
- Consensus Rating
- Hold
- Ratings Breakdown
- 1 Buy Ratings, 2 Hold Ratings, 0 Sell Ratings.
- Consensus Price Target
- $7.68 (1.4% Downside)
