Fifth Consecutive Annual Dividend Raise;
Quarterly Dividend Increased to $0.205
New $300 Million Share Repurchase Program
SINGAPORE, Nov. 13,
2024 /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 $0.205 per share of common stock, representing a
$0.005 increase over its most recent
dividend. This dividend raise highlights the Company's commitment
to a consistent shareholder return strategy and will be included in
the January 7, 2025 dividend payable
to holders of record as of the close of business on December 19, 2024.
In addition to the quarterly dividend increase, K&S expanded
its shareholder return activities with a new $300 million share repurchase program authorized
by its Board of Directors. This new program will begin after the
completion of the Company's existing $800
million share repurchase program. At the completion of the
2024 fiscal year, the existing repurchase program – originally
announced on August 15, 2017 – had
$30.3 million of authorization
remaining and is expected to be completed during the Company's
fiscal first quarter 2025, ending December
28, 2024.
Cumulatively, since the announcement of the Company's initial
repurchase program on August 27,
2014, K&S has repurchased a total of 30.2 million shares
at an average price of approximately $28.75 per share in open market transactions.
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
Finance
P: +1-215-784-7500
investor@kns.com
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SOURCE Kulicke & Soffa Industries, Inc.