Power Integrations hikes dividend by 10.5%
Power Integrations (POWI) will raise its quarterly dividend by 10.5 percent to $0.21 per share in 2020. This follows a total dividend increase of 18.8 percent announced by the semiconductor technologies company last year.
The next dividend will be paid on June 30, 2020 to stockholders of record as of May 29, 2020. A new annual rate of 84 cents per share yields 0.8% at a stock price of $107. Power Integrations has now increased its dividend 8 consecutive years.
Power Integrations, Inc. provides semiconductor technologies for high-voltage power conversion. The company’s products are key building blocks in the clean-power ecosystem, enabling the generation of renewable energy as well as the efficient transmission and consumption of power in applications ranging from milliwatts to megawatts. Power Integrations has paid a dividend to shareholders every year since 2008.
The next dividend will be paid on June 30, 2020 to stockholders of record as of May 29, 2020. A new annual rate of 84 cents per share yields 0.8% at a stock price of $107. Power Integrations has now increased its dividend 8 consecutive years.
Power Integrations, Inc. provides semiconductor technologies for high-voltage power conversion. The company’s products are key building blocks in the clean-power ecosystem, enabling the generation of renewable energy as well as the efficient transmission and consumption of power in applications ranging from milliwatts to megawatts. Power Integrations has paid a dividend to shareholders every year since 2008.
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