ASE Technology Holding Co., Ltd. (NYSE:ASX) Increases Dividend to $0.42 Per Share

ASE Technology Holding Co., Ltd. (NYSE:ASXGet Free Report) announced an annual dividend on Wednesday, June 17th. Shareholders of record on Monday, July 6th will be given a dividend of 0.4171 per share by the semiconductor company on Friday, August 7th. This represents a yield of 111.0%. The ex-dividend date is Monday, July 6th. This is a 16.2% increase from ASE Technology’s previous annual dividend of $0.36.

ASE Technology has raised its dividend payment by an average of 0.2%annually over the last three years. ASE Technology has a payout ratio of 31.3% meaning its dividend is sufficiently covered by earnings. Equities analysts expect ASE Technology to earn $1.17 per share next year, which means the company should continue to be able to cover its $0.26 annual dividend with an expected future payout ratio of 22.2%.

ASE Technology Trading Up 1.7%

NYSE:ASX opened at $37.48 on Thursday. The company has a current ratio of 1.15, a quick ratio of 0.89 and a debt-to-equity ratio of 0.53. ASE Technology has a 12 month low of $9.30 and a 12 month high of $41.10. The company has a market cap of $83.33 billion, a PE ratio of 55.11, a price-to-earnings-growth ratio of 0.94 and a beta of 1.72. The company has a 50 day simple moving average of $33.02 and a two-hundred day simple moving average of $24.33.

ASE Technology (NYSE:ASXGet Free Report) last posted its earnings results on Wednesday, April 29th. The semiconductor company reported $0.20 EPS for the quarter, topping analysts’ consensus estimates of $0.17 by $0.03. ASE Technology had a net margin of 7.03% and a return on equity of 13.48%. The business had revenue of $5.43 billion during the quarter, compared to the consensus estimate of $5.32 billion. Research analysts forecast that ASE Technology will post 0.82 earnings per share for the current year.

ASE Technology Company Profile

(Get Free Report)

ASE Technology Holding Co, Ltd. (NYSE: ASX), commonly referred to as ASE, is a Taiwan-based provider of semiconductor assembly and testing services. The company focuses on back-end semiconductor manufacturing and related services that prepare integrated circuits and other semiconductor devices for final use. Its core activities include advanced IC packaging, final testing, wafer probing, and related engineering and supply-chain support for semiconductor customers.

ASE offers a range of products and technical capabilities designed to meet increasingly complex packaging and system-in-package requirements.

See Also

Dividend History for ASE Technology (NYSE:ASX)

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