United Microelectronics Corp Declares Annual Dividend of $0.09 (NYSE:UMC)
United Microelectronics Corp (NYSE:UMC) declared an annual dividend on Thursday, June 20th, Wall Street Journal reports. Shareholders of record on Tuesday, July 16th will be given a dividend of 0.0936 per share by the semiconductor company on Tuesday, August 13th. This represents a yield of 5.45%. The ex-dividend date is Monday, July 15th.
United Microelectronics has increased its dividend payment by an average of 11.3% annually over the last three years.
UMC stock opened at $2.30 on Friday. United Microelectronics has a fifty-two week low of $1.64 and a fifty-two week high of $2.96. The firm has a market capitalization of $5.65 billion, a PE ratio of 33.29 and a beta of 0.95. The company has a quick ratio of 2.43, a current ratio of 2.79 and a debt-to-equity ratio of 0.34. The stock’s 50-day moving average price is $2.11.
A number of equities research analysts recently issued reports on the company. HSBC raised United Microelectronics from a “reduce” rating to a “hold” rating in a research report on Wednesday, April 24th. Credit Suisse Group raised United Microelectronics from an “underperform” rating to a “neutral” rating in a research report on Wednesday, April 24th. Goldman Sachs Group set a €40.50 ($47.09) price target on Koninklijke Philips and gave the stock a “buy” rating in a research report on Tuesday, May 7th. ValuEngine downgraded Zumiez from a “hold” rating to a “sell” rating in a report on Tuesday, July 2nd. Finally, CLSA upgraded United Microelectronics from a “sell” rating to an “outperform” rating in a research note on Tuesday, June 25th. Two investment analysts have rated the stock with a sell rating, six have assigned a hold rating and two have given a buy rating to the stock. United Microelectronics has an average rating of “Hold” and an average target price of $1.78.
United Microelectronics Company Profile
United Microelectronics Corporation provides semiconductor wafer foundry solutions. The company operates through Wafer Fabrication and New Business segments. It provides circuit design, mask tooling, wafer fabrication, and assembly and testing services. The company also engages in the research, development, and manufacture of products in the solar energy and light-emitting diode industries.
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