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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 +1.40% 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 -1.14% yield of 0.57% and the implied yield for the S&P 500 /zigman2/quotes/210599714/realtime SPX -0.84% 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 +0.48% for the S&P 500 fell 0.5%.

/zigman2/quotes/200795669/composite
US : U.S.: Nasdaq
$ 59.40
+0.82 +1.40%
Volume: 919,847
Dec. 3, 2021 4:00p
P/E Ratio
10.25
Dividend Yield
1.14%
Market Cap
$3.71 billion
Rev. per Employee
$423,219
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/zigman2/quotes/200571902/composite
US : U.S.: Nasdaq
$ 301.15
-3.46 -1.14%
Volume: 6.77M
Dec. 3, 2021 4:00p
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/zigman2/quotes/210599714/realtime
US : S&P US
4,538.43
-38.67 -0.84%
Volume: 2.71B
Dec. 3, 2021 5:35p
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/zigman2/quotes/209948968/delayed
US : U.S.: CME
$ 4,559.50
+22.00 +0.48%
Volume: 96,484
Dec. 6, 2021 12:28a
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