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

Kulicke and Soffa Industries, Inc. (NASDAQ:KLIC) announced a quarterly dividend on Thursday, March 6th, RTT News reports. Investors of record on Thursday, March 20th will be paid a dividend of 0.205 per share by the semiconductor company on Tuesday, April 8th. This represents a $0.82 annualized dividend and a dividend yield of 2.23%. The ex-dividend date is Thursday, March 20th.

Kulicke and Soffa Industries has raised its dividend payment by an average of 10.9% annually over the last three years. Kulicke and Soffa Industries has a payout ratio of 36.3% indicating that its dividend is sufficiently covered by earnings. 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 Up 0.3 %

Shares of KLIC opened at $36.85 on Tuesday. The firm has a market cap of $1.97 billion, a price-to-earnings ratio of 307.08 and a beta of 1.38. The company’s fifty day moving average is $42.05 and its 200-day moving average is $44.36. Kulicke and Soffa Industries has a 12 month low of $35.04 and a 12 month high of $53.71.

Kulicke and Soffa Industries (NASDAQ:KLIC) last issued its quarterly earnings data on Tuesday, February 4th. The semiconductor company reported $0.27 EPS for the quarter, missing analysts’ consensus estimates of $0.28 by ($0.01). Kulicke and Soffa Industries had a net margin of 0.48% and a negative return on equity of 1.26%. As a group, research analysts predict that Kulicke and Soffa Industries will post 0.93 earnings per share for the current fiscal year.

Analyst Ratings Changes

KLIC has been the topic of a number of recent analyst reports. Needham & Company LLC reissued a “buy” rating and issued a $53.00 price objective on shares of Kulicke and Soffa Industries in a research note on Thursday, February 6th. StockNews.com upgraded Kulicke and Soffa Industries from a “sell” rating to a “hold” rating in a research report on Thursday, February 6th. Three analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $52.00.

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.