Chipmos Technologies (NASDAQ:IMOS) Raises Dividend to $0.78 Per Share

Chipmos Technologies (NASDAQ:IMOS) declared an annual dividend on Tuesday, May 26th. Investors of record on Monday, June 29th will be paid a dividend of 0.7826 per share by the semiconductor company on Friday, July 24th. This represents a yield of 142.0%. The ex-dividend date is Monday, June 29th. This is a 27.6% increase from Chipmos Technologies’s previous annual dividend of $0.61.

Chipmos Technologies has decreased its dividend payment by an average of 0.1%per year over the last three years. Chipmos Technologies has a payout ratio of 38.3% indicating that its dividend is sufficiently covered by earnings.

Chipmos Technologies Trading Up 8.3%

NASDAQ IMOS opened at $55.23 on Wednesday. Chipmos Technologies has a 52 week low of $15.06 and a 52 week high of $61.27. The firm has a 50 day moving average of $44.81 and a two-hundred day moving average of $37.37. The company has a quick ratio of 2.08, a current ratio of 2.40 and a debt-to-equity ratio of 0.44. The stock has a market capitalization of $1.95 billion, a PE ratio of 75.14 and a beta of 1.16.

Chipmos Technologies (NASDAQ:IMOS) last released its quarterly earnings data on Tuesday, February 24th. The semiconductor company reported $0.46 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.34 by $0.12. Chipmos Technologies had a net margin of 3.05% and a return on equity of 3.28%. The business had revenue of $207.78 million during the quarter, compared to analysts’ expectations of $6.50 billion. During the same period in the previous year, the company earned $0.19 EPS. The company’s revenue for the quarter was up 26.2% on a year-over-year basis.

About Chipmos Technologies

ChipMOS Technologies Inc is a Taiwan‐based provider of outsourced semiconductor assembly, testing and packaging services. The company offers a comprehensive range of back‐end solutions including wafer probing, assembly, surface mount and final test services for memory chips, microcontrollers, system‐on‐chips and other integrated circuits. ChipMOS serves customers in the consumer electronics, communications, industrial and automotive markets by delivering reliable testing and packaging support to semiconductor fabless companies and foundries.

Founded in 1997 and headquartered in Hsinchu, Taiwan, ChipMOS operates multiple production facilities across Asia, including sites in Taoyuan (Taiwan), Guangdong Province (China) and Singapore.