United Microelectronics Corporation (NYSE:UMC) Increases Dividend to $0.41 Per Share

United Microelectronics Corporation (NYSE:UMC) declared an annual dividend on Tuesday, June 23rd. Stockholders of record on Wednesday, July 8th will be paid a dividend of 0.4122 per share by the semiconductor company on Thursday, August 6th. This represents a dividend yield of 144.0%. The ex-dividend date is Wednesday, July 8th. This is a 12.6% increase from United Microelectronics’s previous annual dividend of $0.37.

United Microelectronics has increased its dividend by an average of 0.3%annually over the last three years. United Microelectronics has a dividend payout ratio of 60.7% indicating that its dividend is sufficiently covered by earnings. Research analysts expect United Microelectronics to earn $0.84 per share next year, which means the company should continue to be able to cover its $0.37 annual dividend with an expected future payout ratio of 44.0%.

United Microelectronics Stock Performance

United Microelectronics stock traded up $2.43 during mid-day trading on Wednesday, reaching $28.63. The company’s stock had a trading volume of 13,285,669 shares, compared to its average volume of 13,198,856. The company has a current ratio of 2.72, a quick ratio of 2.23 and a debt-to-equity ratio of 0.12. United Microelectronics has a twelve month low of $6.56 and a twelve month high of $28.58. The business has a 50 day moving average price of $17.52 and a 200-day moving average price of $12.19. The firm has a market cap of $72.08 billion, a price-to-earnings ratio of 44.06, a PEG ratio of 3.24 and a beta of 1.61.

United Microelectronics (NYSE:UMC) last issued its earnings results on Wednesday, April 29th. The semiconductor company reported $0.20 earnings per share for the quarter, topping the consensus estimate of $0.12 by $0.08. United Microelectronics had a return on equity of 13.67% and a net margin of 20.71%.The firm had revenue of $1.91 billion for the quarter, compared to analyst estimates of $1.92 billion. Sell-side analysts predict that United Microelectronics will post 0.7 EPS for the current fiscal year.

About United Microelectronics

United Microelectronics Corporation (UMC) is a Taiwan-based semiconductor foundry that provides wafer fabrication and related manufacturing services to a global customer base. Founded in 1980, the company operates as a pure-play foundry, producing integrated circuits for a range of customers including fabless semiconductor companies and integrated device manufacturers. UMC is publicly listed (NYSE: UMC) and focuses on high-reliability manufacturing rather than branding consumer products.

UMC’s core services encompass wafer fabrication using a portfolio of process technologies, with particular emphasis on mature and specialty nodes that support analog, power-management, radio-frequency (RF), and mixed-signal applications.