Kulicke & Soffa raises quarterly dividend, expands share repurchase program

Kulicke and Soffa Industries announced that its Board of Directors has declared and authorized a quarterly dividend of 20.5c 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 $300M share repurchase program authorized by its Board of Directors. This new program will begin after the completion of the company’s existing $800M share repurchase program. At the completion of the 2024 fiscal year, the existing repurchase program – originally announced on August 15, 2017 – had $30.3M of authorization remaining and is expected to be completed during the Company’s fiscal first quarter 2025, ending December 28, 2024.