4th 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 4th 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 4th 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
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SOURCE Kulicke & Soffa Industries, Inc.