Kulicke & Soffa Industries (KLIC) Initiates, Declares $0.12 Quarterly Dividend; 2% Yield

Kulicke & Soffa Industries (NASDAQ: KLIC) initiated and declared a quarterly dividend of $0.12 per share, or $0.48 annualized. The dividend will be payable on July 16, 2018, to stockholders of record on June 24, 2018, with an ex-dividend date of June 21, 2018. The annual yield on the dividend is 2 percent.

“The Company’s diversification and growth has reduced volatility and increased earnings quality, enhancing our confidence as we look ahead. Our strong balance sheet, product positioning, ongoing development programs and M&A pipeline are anticipated to create additional growth opportunities into the future,” stated Fusen Chen, President and Chief Executive Officer, “The existing business model continues to generate adequate free cash flow to support several new growth initiatives and also to expand our capital return program through this meaningful and consistent dividend.”

Going forward, the Company intends to pay a regular quarterly dividend, subject to any new developments or circumstances.

For a dividend history and other dividend-related data on Kulicke & Soffa Industries (KLIC) click here.

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