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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 +1.66% 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 -0.35% yield of 0.57% and the implied yield for the S&P 500 /zigman2/quotes/210599714/realtime SPX -1.18% 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 +0.55% for the S&P 500 fell 0.5%.

/zigman2/quotes/200795669/composite
US : U.S.: Nasdaq
$ 58.62
+0.96 +1.66%
Volume: 1.16M
Dec. 1, 2021 4:00p
P/E Ratio
10.12
Dividend Yield
1.16%
Market Cap
$3.60 billion
Rev. per Employee
$423,219
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/zigman2/quotes/200571902/composite
US : U.S.: Nasdaq
$ 303.82
-1.08 -0.35%
Volume: 7.12M
Dec. 1, 2021 4:00p
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/zigman2/quotes/210599714/realtime
US : S&P US
4,513.04
-53.96 -1.18%
Volume: 3.04B
Dec. 1, 2021 5:04p
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/zigman2/quotes/209948968/delayed
US : U.S.: CME
$ 4,533.25
+24.75 +0.55%
Volume: 230,661
Dec. 2, 2021 4:31a
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