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SINGAPORE - Kulicke and Soffa Industries, Inc. (NASDAQ:KLIC), a global provider of semiconductor and electronics assembly solutions, has announced a quarterly dividend of $0.205 per share, maintaining its impressive track record of seven consecutive years of dividend increases. The dividend, representing a 2.19% yield, is slated for distribution on April 8, 2025, to shareholders on record as of March 20, 2025. According to InvestingPro data, the company maintains a strong financial position with more cash than debt on its balance sheet.
The company, founded in 1951, has been at the forefront of technological innovation in the semiconductor sector, offering a broad spectrum of products and services. These are designed to cater to significant markets including advanced display, automotive, communications, compute, consumer, data storage, energy storage, and industrial sectors. With a market capitalization of $2 billion and a robust current ratio of 5.99x, the company demonstrates strong operational efficiency.
Kulicke & Soffa’s commitment to enabling a smarter and more sustainable future is reflected in its continuous expansion of product and service offerings. This approach supports industry growth and facilitates the transition to new technologies.
The declaration of this dividend follows Kulicke & Soffa’s tradition of providing returns to its investors and reflects the company’s financial health and confidence in its business model.
This dividend announcement is based on a press release statement from Kulicke & Soffa Industries, Inc. It is a key event for shareholders and potential investors, indicating the company’s ongoing efforts to deliver shareholder value. The dividend yield and payout ratio, in comparison to industry standards and historical performance, will be watched closely by the market as indicators of the company’s financial stability and outlook.
Investors are encouraged to mark the key dates of March 20, 2025, for shareholder record and April 8, 2025, for the dividend payment. As the payment date approaches, shareholders of Kulicke & Soffa can anticipate receiving the declared dividend, barring any unforeseen changes in the company’s dividend policy or financial position.
In other recent news, Kulicke & Soffa Industries Inc. reported significant outcomes from its 2025 Annual Meeting of Shareholders. The company announced the election of Ms. Denise Dignam to its board of directors, with a substantial majority of 42,909,841 votes in favor. Additionally, shareholders approved an amendment to the 2021 Omnibus Incentive Plan, with 41,086,840 votes supporting the change. The appointment of PricewaterhouseCoopers LLP as the independent auditor for the fiscal year ending October 4, 2025, was also ratified by a significant majority. Furthermore, the executive compensation package was approved on a non-binding basis, receiving 44,113,506 votes in favor. These developments were disclosed in an official SEC filing, providing transparency and insight into the company’s governance and strategic decisions.
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