Kulicke & Soffa Board Approves $300M Stock Buyback, Increases Dividend

Dow Jones

2024-11-14

By Connor Hart

The board of Kulicke & Soffa Industries authorized a $300 million share-repurchase program.

The semiconductor company said Wednesday that the new program will begin following completion of its existing $800 million program, which at the end of its fiscal 2024 had $30.3 million remaining. That program is expected to be completed by the end of the company's fiscal first quarter, ending Dec. 28.

The company also increased its quarterly dividend to 20.5 cents, up from 20 cents.

The new payout, equal to 82 cents a year, represents an annual yield of about 1.7% based on Wednesday's closing price of $47.05. It will be paid Jan. 7 to shareholders of record as of Dec. 19.

Write to Connor Hart at connor.hart@wsj.com

(END) Dow Jones Newswires

November 13, 2024 17:26 ET (22:26 GMT)

Copyright (c) 2024 Dow Jones & Company, Inc.

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It will be paid Jan. 7 to shareholders of record as of Dec. 19. \n</p>\n<pre>\n \n</pre>\n<p>\n  Write to Connor Hart at connor.hart@wsj.com \n</p>\n<pre>\n \n</pre>\n<p>\n  (END) Dow Jones Newswires\n</p>\n<p>\n  November 13, 2024 17:26 ET (22:26 GMT)\n</p>\n<p>\n  Copyright (c) 2024 Dow Jones &amp; Company, Inc.\n</p>\n</font>","source":null,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Kulicke & Soffa Board Approves $300M Stock Buyback, Increases Dividend</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nKulicke & Soffa Board Approves $300M Stock Buyback, Increases Dividend\n</h2>\n\n<h4 class=\"meta\">\n\n\n<div class=\"head\" \">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/150f88aa4d182df19190059f4a365e99);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Dow Jones </p>\n<p class=\"h-time\">2024-11-14 06:26</p>\n</div>\n\n</div>\n\n\n</h4>\n\n</header>\n<article>\n<font class=\"NormalMinus1\" face=\"Arial\">\n<pre>\n \n</pre>\n<p>\n  By Connor Hart \n</p>\n<pre>\n \n</pre>\n<p>\n  The board of Kulicke &amp; Soffa Industries authorized a $300 million share-repurchase program. \n</p>\n<p>\n  The semiconductor company said Wednesday that the new program will begin following completion of its existing $800 million program, which at the end of its fiscal 2024 had $30.3 million remaining. That program is expected to be completed by the end of the company's fiscal first quarter, ending Dec. 28. \n</p>\n<p>\n  The company also increased its quarterly dividend to 20.5 cents, up from 20 cents. \n</p>\n<p>\n  The new payout, equal to 82 cents a year, represents an annual yield of about 1.7% based on Wednesday's closing price of $47.05. It will be paid Jan. 7 to shareholders of record as of Dec. 19. \n</p>\n<pre>\n \n</pre>\n<p>\n  Write to Connor Hart at connor.hart@wsj.com \n</p>\n<pre>\n \n</pre>\n<p>\n  (END) Dow Jones Newswires\n</p>\n<p>\n  November 13, 2024 17:26 ET (22:26 GMT)\n</p>\n<p>\n  Copyright (c) 2024 Dow Jones &amp; Company, Inc.\n</p>\n</font>\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"BK4147","symbol_name":"半导体设备","start_time":0,"source_url":"https://dowjonesnews.com/newdjn/logon.aspx?AL=N","article_id":"2483057866","we_media_id":"106","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2483057866","pubTimestamp":1731536760,"columns":[],"sourceInfo":null,"weMediaInfo":{"media_name":"Dow Jones","introduction":"Dow Jones publishes the world’s most trusted business news and financial information in a variety of media.","home_visible":0,"id":"106","head_image":"https://static.tigerbbs.com/150f88aa4d182df19190059f4a365e99"},"summary":"The board of Kulicke & Soffa Industries authorized a $300 million share-repurchase program.The semiconductor company said Wednesday that the new program will begin following completion of its existing $800 million program, which at the end of its fiscal 2024 had $30.3 million remaining. 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It will be paid Jan. 7 to shareholders of record as of Dec. 19.","collect":0,"end_time":0,"defaultTopTitle":"","property":[],"viewcount":null,"language":"en","relate_stocks":{"BK4147":"半导体设备","KLIC":"库力索法半导体","BK4585":"ETF&股票定投概念","BK4588":"碎股"},"translate_title":"Kulicke&Soffa董事会批准3亿美元股票回购，增加股息","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"KLIC":1},"content_text":"By Connor Hart \n\n\n \n\n\n  The board of Kulicke & Soffa Industries authorized a $300 million share-repurchase program. \n\n\n  The semiconductor company said Wednesday that the new program will begin following completion of its existing $800 million program, which at the end of its fiscal 2024 had $30.3 million remaining. That program is expected to be completed by the end of the company's fiscal first quarter, ending Dec. 28. \n\n\n  The company also increased its quarterly dividend to 20.5 cents, up from 20 cents. \n\n\n  The new payout, equal to 82 cents a year, represents an annual yield of about 1.7% based on Wednesday's closing price of $47.05. It will be paid Jan. 7 to shareholders of record as of Dec. 19. \n\n\n \n\n\n  Write to Connor Hart at connor.hart@wsj.com \n\n\n \n\n\n  (END) Dow Jones Newswires\n\n\n  November 13, 2024 17:26 ET (22:26 GMT)\n\n\n  Copyright (c) 2024 Dow Jones & Company, Inc.","kind":"highlight","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"1","news_tag":"shareholding","news_rank":0,"symbols":[],"gpt_button":0,"code":"91000000","status":"200"}}}