Power Integrations, Inc. (POWI) to Issue Quarterly Dividend of $0.22 on March 31st

Power Integrations, Inc. (NASDAQ:POWI) announced a quarterly dividend on Thursday, February 5th. Shareholders of record on Friday, February 27th will be paid a dividend of 0.215 per share by the semiconductor company on Tuesday, March 31st. This represents a c) annualized dividend and a yield of 1.8%. The ex-dividend date of this dividend is Friday, February 27th. This is a 2.4% increase from Power Integrations’s previous quarterly dividend of $0.21.

Power Integrations has increased its dividend by an average of 0.1%annually over the last three years and has raised its dividend annually for the last 12 consecutive years. Power Integrations has a dividend payout ratio of 43.0% meaning its dividend is sufficiently covered by earnings. Equities research analysts expect Power Integrations to earn $1.41 per share next year, which means the company should continue to be able to cover its $0.86 annual dividend with an expected future payout ratio of 61.0%.

Power Integrations Stock Up 3.3%

POWI opened at $47.08 on Wednesday. Power Integrations has a twelve month low of $30.86 and a twelve month high of $65.45. The company’s 50-day moving average price is $42.56 and its two-hundred day moving average price is $41.35. The stock has a market cap of $2.61 billion, a price-to-earnings ratio of 120.72, a PEG ratio of 3.46 and a beta of 1.37.

Power Integrations (NASDAQ:POWI) last posted its quarterly earnings results on Thursday, February 5th. The semiconductor company reported $0.23 EPS for the quarter, topping analysts’ consensus estimates of $0.19 by $0.04. Power Integrations had a net margin of 4.98% and a return on equity of 5.15%. The company had revenue of $103.20 million for the quarter, compared to analysts’ expectations of $103.02 million. During the same quarter in the previous year, the firm posted $0.30 EPS. Power Integrations’s revenue was down 1.9% on a year-over-year basis. As a group, sell-side analysts anticipate that Power Integrations will post 0.93 earnings per share for the current year.

Power Integrations Company Profile

Power Integrations, Inc, based in Hillsboro, Oregon, specializes in the design and development of high-performance analog and mixed-signal integrated circuits for energy-efficient power conversion. The company’s products are used to convert and regulate electrical power in a wide range of applications, from consumer electronics and industrial systems to communications equipment and electric vehicle charging. By providing compact, reliable, and highly integrated solutions, Power Integrations aims to reduce system size, improve efficiency, and simplify thermal management for its customers.

The firm’s product portfolio encompasses isolated and non-isolated switching controllers for both AC-DC and DC-DC power conversion.