Kulicke & Soffa Raises Quarterly Dividend

Rhea-AI Summary

Kulicke and Soffa Industries, Inc. (NASDAQ: KLIC) announced a 4th consecutive annual dividend raise, increasing the quarterly dividend by $0.01 to $0.20 per share. The company's consistent shareholder return strategy is highlighted, with the upcoming dividend payment set for January 9, 2024. President and CEO, Fusen Chen, emphasized the company's execution in key growth markets and strategic value creation. During fiscal year 2023, K&S returned a total of $111.2 million to investors through dividend and share repurchase activity, with the repurchase of 1.5 million shares of common stock representing nearly 2.6% of its ending fiscal 2023 share count.

Positive

• 4th consecutive annual dividend raise
• Increase in quarterly dividend by $0.01 to $0.20 per share
• Total return of $111.2 million to investors during fiscal year 2023
• Repurchase of 1.5 million shares of common stock representing nearly 2.6% of its ending fiscal 2023 share count

Negative

• None.

4^th Consecutive Annual Dividend Raise
Quarterly Dividend Increased by $0.01, to $0.20

SINGAPORE, Nov. 15, 2023 /PRNewswire/ -- Kulicke and Soffa Industries, Inc. (NASDAQ: KLIC) ("Kulicke & Soffa," "K&S" or the "Company"), announced today that its Board of Directors has declared and authorized a quarterly dividend of $0.20 per share of common stock, representing a $0.01 increase over its most recent dividend. This dividend raise marks the 4^th consecutive annual dividend raise and highlights the Company's consistent shareholder return strategy. This upcoming dividend payment will be made on January 9, 2024 to holders of record as of December 21, 2023.

"We continue to execute and take share in key growth markets including high-performance computing, co-packaged optics and leading-edge heterogeneous integration applications. We also continue to create strategic value by leveraging our extensive incumbent positions to support major technology changes within the Automotive, Advanced Display and Dispense markets over the coming years. Shareholder returns continue to be optimized through our consistent shareholder return strategy and opportunistic share repurchase program," stated Fusen Chen, President and CEO.

In addition to this 4^th consecutive annual dividend raise, during fiscal year 2023 the Company returned a total of $111.2 million to investors through dividend and share repurchase activity. Over this period, K&S repurchased a total of 1.5 million shares of common stock through the open market, representing nearly 2.6% of its ending fiscal 2023 share count. K&S continues to actively repurchase shares through its opportunistic share repurchase program.

About Kulicke & Soffa

Founded in 1951, Kulicke & Soffa specializes in developing cutting-edge semiconductor and electronics assembly solutions enabling a smart and more sustainable future. Our ever-growing range of products and services supports growth and facilitates technology transitions across large-scale markets, such as advanced display, automotive, communications, compute, consumer, data storage, energy storage and industrial.

Contacts
Kulicke & Soffa
Marilyn Sim
Public Relations
P: +65-6880-9309
msim@kns.com

Kulicke & Soffa 
Joseph Elgindy
Investor Relations
P: +1-215-784-7500
investor@kns.com

View original content:https://www.prnewswire.com/news-releases/kulicke--soffa-raises-quarterly-dividend-301989322.html

SOURCE Kulicke & Soffa Industries, Inc.

FAQ

What is the quarterly dividend increase announced by Kulicke and Soffa Industries, Inc. (KLIC)?

The quarterly dividend has been increased by $0.01 to $0.20 per share.

When will the upcoming dividend payment be made?

The upcoming dividend payment will be made on January 9, 2024 to holders of record as of December 21, 2023.

How much did K&S return to investors during fiscal year 2023?

K&S returned a total of $111.2 million to investors through dividend and share repurchase activity.

What percentage of its ending fiscal 2023 share count did K&S repurchase?

K&S repurchased 1.5 million shares of common stock, representing nearly 2.6% of its ending fiscal 2023 share count.