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Nov. 16, 2021, 3:04 p.m. EST

Amkor Technology stock rallies after boosting dividend by 25%

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By Tomi Kilgore

Shares of Amkor Technology Inc. /zigman2/quotes/204596393/composite AMKR -4.75% rallied 1.7% in afternoon trading Tuesday, after the semiconductor packaging and test services company announced a 25% increase in its quarterly dividend. Shareholders of record on Dec. 7 will be paid the new dividend of 5 cents a share, up from 4 cents, on Dec. 28. Based on current share prices, the new annual dividend rate implies a dividend yield of 0.84%, compared with the yield for the VanEck Semiconductor ETF /zigman2/quotes/200571902/composite SMH -3.00% of 0.49% and the implied yield for the S&P 500 /zigman2/quotes/210599714/realtime SPX +0.13% of 1.31%. "Based on our strong operating results and financial position, Amkor has increased its quarterly cash dividend by 25%," said Chief Executive Giel Rutten. "We are pleased to be in a position where we can both invest in our future and increase our return of capital to stockholders." Amkor's stock has lost 8.5% over the past three months but has rallied 57.7% year to date, while the semiconductor ETF has climbed 39.4% this year and the S&P 500 /zigman2/quotes/210599714/realtime SPX +0.13% has advanced 25.4%.

/zigman2/quotes/204596393/composite
US : U.S.: Nasdaq
$ 20.45
-1.02 -4.75%
Volume: 427,277
Jan. 27, 2022 1:01p
P/E Ratio
9.00
Dividend Yield
0.98%
Market Cap
$5.25 billion
Rev. per Employee
$199,130
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/zigman2/quotes/200571902/composite
US : U.S.: Nasdaq
$ 260.09
-8.05 -3.00%
Volume: 5.55M
Jan. 27, 2022 1:02p
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/zigman2/quotes/210599714/realtime
US : S&P US
4,355.74
+5.81 +0.13%
Volume: 1.51B
Jan. 27, 2022 1:02p
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/zigman2/quotes/210599714/realtime
US : S&P US
4,355.74
+5.81 +0.13%
Volume: 1.51B
Jan. 27, 2022 1:02p
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