Kulicke & Soffa Raises Quarterly Dividend by 16.7%

Rhea-AI Summary

Kulicke and Soffa Industries, Inc. (NASDAQ: KLIC) has announced a 16.7% increase in its quarterly dividend to $0.14 per share. This dividend will be paid on January 11, 2021, to shareholders on record as of December 24, 2020. Over the past five fiscal years, KLIC has returned $349.6 million to investors through repurchases and dividends, maintaining a target of returning at least 50% of free cash flow to shareholders. The company is committed to sustainable growth through market expansion and aims to support technology transitions in various industries.

Positive

• Quarterly dividend increased by 16.7%, now at $0.14 per share.
• Returned $349.6 million to investors in the past five years.
• Commitment to return at least 50% of free cash flow to shareholders.

Negative

• None.

Singapore, Dec. 10, 2020 /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 an increased quarterly dividend of $0.14 per share of common stock, representing a 16.7% increase. The dividend payment will be made on January 11, 2021 to holders of record as of December 24, 2020.

"We remain committed to creating meaningful and sustainable value through efficient market expansion initiatives, such as our recent entry into advanced display, and also by supporting fundamental technology transitions within the automotive and semiconductor markets," stated Fusen Chen, President and CEO. "Our track record of shareholder returns, and this dividend increase, highlight our ongoing commitment to deliver value on a per share basis."

Over the past five fiscal years, K&S has returned $349.6 million of capital to investors through the repurchase and dividend programs. The Company maintains its long-term capital allocation target of returning at least 50% of free cash flows to shareholders in the form of share repurchases and dividends.

About Kulicke & Soffa

Kulicke & Soffa (NASDAQ: KLIC) is a leading provider of semiconductor and electronic assembly solutions serving the global automotive, consumer, communications, computing and industrial markets. Founded in 1951, K&S prides itself on establishing foundations for technological advancement - creating pioneering interconnect solutions that enable performance improvements, power efficiency, form-factor reductions and assembly excellence of current and next-generation semiconductor devices.

Leveraging decades of development proficiency and extensive process technology expertise, Kulicke & Soffa's expanding portfolio provides equipment solutions, aftermarket products and services supporting a comprehensive set of interconnect technologies including wire bonding, advanced packaging, lithography, and electronics assembly. Dedicated to empowering technological discovery, always, K&S collaborates with customers and technology partners to push the boundaries of possibility, enabling a smarter future (www.kns.com).

Contacts:

Kulicke & Soffa
Marilyn Sim
Public Relations
P: +65-6880-9309
F: +65-6880-9580
msim@kns.com

Kulicke & Soffa  
Joseph Elgindy
Investor Relations
P: +1-215-784-7500
F: +1-215-784-6180
investor@kns.com

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SOURCE Kulicke & Soffa Industries, Inc.

FAQ

What is the new quarterly dividend amount for KLIC?

The new quarterly dividend is $0.14 per share.

When will KLIC's dividend be paid?

The dividend will be paid on January 11, 2021.

What is the record date for KLIC's dividend?

The record date for the dividend is December 24, 2020.

How much has KLIC returned to investors in recent years?

KLIC has returned $349.6 million to investors over the past five fiscal years.

What percentage of free cash flow does KLIC aim to return to shareholders?

KLIC aims to return at least 50% of its free cash flow to shareholders.