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Kulicke & Soffa Raises Quarterly Dividend; Expands Repurchase Authorization

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Kulicke & Soffa (NASDAQ: KLIC) has announced two significant shareholder-friendly moves: a dividend increase and an expanded share repurchase program. The company raised its quarterly dividend by $0.005 to $0.205 per share, marking its fifth consecutive annual dividend increase. The dividend will be paid on January 7, 2025, to shareholders of record as of December 19, 2024. Additionally, the Board authorized a new $300 million share repurchase program, which will commence after completing the current program with $30.3 million remaining. Since 2014, K&S has repurchased 30.2 million shares at an average price of $28.75 per share.

Kulicke & Soffa (NASDAQ: KLIC) ha annunciato due importanti iniziative favorevoli agli azionisti: un aumento del dividendo e un programma ampliato di riacquisto di azioni. L'azienda ha aumentato il dividendo trimestrale di $0,005 a $0,205 per azione, segnando il suo quinto aumento annuale consecutivo del dividendo. Il dividendo sarà pagato il 7 gennaio 2025, agli azionisti registrati al 19 dicembre 2024. Inoltre, il Consiglio ha autorizzato un nuovo programma di riacquisto di azioni da $300 milioni, che inizierà dopo il completamento dell'attuale programma con $30,3 milioni rimanenti. Dal 2014, K&S ha riacquistato 30,2 milioni di azioni a un prezzo medio di $28,75 per azione.

Kulicke & Soffa (NASDAQ: KLIC) ha anunciado dos importantes movimientos favorables a los accionistas: un aumento de dividendo y un programa ampliado de recompra de acciones. La compañía incrementó su dividendo trimestral en $0,005 a $0,205 por acción, marcando su quinto aumento anual consecutivo del dividendo. El dividendo se pagará el 7 de enero de 2025 a los accionistas registrados a partir del 19 de diciembre de 2024. Además, la Junta autorizó un nuevo programa de recompra de acciones de $300 millones, que comenzará después de completar el programa actual con $30,3 millones restantes. Desde 2014, K&S ha recomprado 30,2 millones de acciones a un precio promedio de $28,75 por acción.

쿨리크 앤 소파 (NASDAQ: KLIC)는 주주에게 우호적인 두 가지 주요 조치를 발표했습니다: 배당금 인상과 확대된 자사주 매입 프로그램. 이 회사는 분기당 배당금을 $0.005 인상하여 $0.205 자당에 이르렀으며, 이는 연속 다섯 번째 배당금 인상입니다. 배당금은 2025년 1월 7일에 지급되며, 2024년 12월 19일 기준 주주에게 지급됩니다. 또한, 이사회는 3억 달러의 새로운 자사주 매입 프로그램을 승인했으며, 이는 현재 프로그램이 완료된 후 시작될 것입니다; 현재 프로그램에는 $30.3 백만 달러가 남아 있습니다. 2014년 이후로 K&S는 자당 평균 가격 $28.75로 3020만 주를 매입했습니다.

Kulicke & Soffa (NASDAQ: KLIC) a annoncé deux mesures importantes en faveur des actionnaires : une augmentation du dividende et un programme de rachat d'actions élargi. La société a relevé son dividende trimestriel de 0,005 $ à 0,205 $ par action, marquant ainsi sa cinquième augmentation annuelle consécutive du dividende. Le dividende sera versé le 7 janvier 2025 aux actionnaires inscrits au 19 décembre 2024. De plus, le conseil d'administration a autorisé un nouveau programme de rachat d'actions de 300 millions de dollars, qui commencera après l'achèvement du programme actuel avec 30,3 millions de dollars restants. Depuis 2014, K&S a racheté 30,2 millions d'actions à un prix moyen de 28,75 $ par action.

Kulicke & Soffa (NASDAQ: KLIC) hat zwei wichtige aktionärsfreundliche Maßnahmen angekündigt: eine Erhöhung der Dividende und ein erweitertes Aktienrückkaufprogramm. Das Unternehmen erhöhte seine vierteljährliche Dividende um $0,005 auf $0,205 pro Aktie, was die fünfte aufeinanderfolgende jährliche Dividendensteigerung markiert. Die Dividende wird am 7. Januar 2025 an die zum 19. Dezember 2024 registrierten Aktionäre ausgezahlt. Darüber hinaus genehmigte der Vorstand ein neues Rückkaufprogramm für Aktien über 300 Millionen US-Dollar, das nach Abschluss des aktuellen Programms mit noch verbleibenden 30,3 Millionen Dollar beginnen wird. Seit 2014 hat K&S 30,2 Millionen Aktien zu einem Durchschnittspreis von 28,75 Dollar pro Aktie zurückgekauft.

Positive
  • Fifth consecutive annual dividend increase, showing consistent shareholder returns
  • New $300 million share repurchase program authorized
  • Strong history of share repurchases with 30.2 million shares bought at $28.75 average
Negative
  • None.

Fifth Consecutive Annual Dividend Raise; Quarterly Dividend Increased to $0.205 
New $300 Million Share Repurchase Program

SINGAPORE, Nov. 13, 2024 /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 $0.205 per share of common stock, representing a $0.005 increase over its most recent dividend. This dividend raise highlights the Company's commitment to a consistent shareholder return strategy and will be included in the January 7, 2025 dividend payable to holders of record as of the close of business on December 19, 2024.

In addition to the quarterly dividend increase, K&S expanded its shareholder return activities with a new $300 million share repurchase program authorized by its Board of Directors. This new program will begin after the completion of the Company's existing $800 million share repurchase program. At the completion of the 2024 fiscal year, the existing repurchase program – originally announced on August 15, 2017 – had $30.3 million of authorization remaining and is expected to be completed during the Company's fiscal first quarter 2025, ending December 28, 2024.

Cumulatively, since the announcement of the Company's initial repurchase program on August 27, 2014, K&S has repurchased a total of 30.2 million shares at an average price of approximately $28.75 per share in open market transactions.

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 
Finance 
P: +1-215-784-7500
investor@kns.com

Cision View original content:https://www.prnewswire.com/news-releases/kulicke--soffa-raises-quarterly-dividend-expands-repurchase-authorization-302304500.html

SOURCE Kulicke & Soffa Industries, Inc.

FAQ

What is Kulicke & Soffa's (KLIC) new quarterly dividend amount?

Kulicke & Soffa's new quarterly dividend is $0.205 per share, representing a $0.005 increase from the previous dividend.

When will KLIC's next dividend be paid?

The dividend will be paid on January 7, 2025, to shareholders of record as of December 19, 2024.

How much is KLIC's new share repurchase authorization?

KLIC's Board authorized a new $300 million share repurchase program, which will begin after completing the existing program.

How many shares has KLIC repurchased since 2014?

Since 2014, KLIC has repurchased 30.2 million shares at an average price of approximately $28.75 per share.

Kulicke & Soffa Industries Inc

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