ASE Technology Holding Co., Ltd. (ASX) to Distribute Annual Dividend of $0.42 on August 7th

ASE Technology Holding Co., Ltd. (NYSE:ASX) declared an annual dividend on Wednesday, June 17th. Stockholders 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 dividend 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% indicating that 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 8.5%

ASE Technology stock opened at $40.63 on Friday. The stock has a market cap of $90.33 billion, a P/E ratio of 59.74, a PEG ratio of 0.96 and a beta of 1.72. ASE Technology has a fifty-two week low of $9.30 and a fifty-two week high of $41.10. The firm’s fifty day moving average price is $33.39 and its 200-day moving average price is $24.51. The company has a debt-to-equity ratio of 0.53, a quick ratio of 0.89 and a current ratio of 1.15.

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

ASE Technology Company Profile

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.