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Oct. 18, 2021, 9:15 a.m. EDT

Kulicke & Soffa raises dividend to lift implied yield above the S&P 500's

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By Tomi Kilgore

Shares of Kulicke & Soffa Industries Inc. /zigman2/quotes/200795669/composite KLIC +1.47% rose 0.6% in premarket trading Monday, after the Singapore-based semiconductor company said it has raised its quarterly dividend by 21.4%. The new quarterly dividend of 17 cents a share, up from 14 cents, will be payable Jan. 10 to shareholders of record on Dec. 23. Based on Friday's stock closing price of $49.20, the new annual dividend rate implies a dividend yield of 1.38%, which compares with the yield for the VanEck Semiconductor ETF's /zigman2/quotes/200571902/composite SMH +0.84% yield of 0.57% and the implied yield for the S&P 500 /zigman2/quotes/210599714/realtime SPX +1.02% of 1.35%. The stock's gain bucked the weakness in Kulicke & Soffa's peers and the broader stock market, as the semiconductor ETF dropped 0.8% in premarket trading while futures /zigman2/quotes/209948968/delayed ES00 +1.20% for the S&P 500 fell 0.5%.

/zigman2/quotes/200795669/composite
US : U.S.: Nasdaq
$ 56.50
+0.82 +1.47%
Volume: 300,352
Jan. 20, 2022 1:02p
P/E Ratio
9.79
Dividend Yield
1.20%
Market Cap
$3.48 billion
Rev. per Employee
$423,219
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/zigman2/quotes/200571902/composite
US : U.S.: Nasdaq
$ 287.48
+2.40 +0.84%
Volume: 3.34M
Jan. 20, 2022 1:03p
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/zigman2/quotes/210599714/realtime
US : S&P US
4,579.07
+46.31 +1.02%
Volume: 1.17B
Jan. 20, 2022 1:03p
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/zigman2/quotes/209948968/delayed
US : U.S.: CME
$ 4,578.75
+54.50 +1.20%
Volume: 975,857
Jan. 20, 2022 11:53a
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