Power Integrations hikes dividend by 18.2%

Power Integrations (POWI) will raise its quarterly dividend by 18.2 percent to 13 cents per share in Q1 of 2021. This follows a double dividend hike to $0.21 per share in 2020 and will mark the 9th consecutive year of dividend increases by the semiconductor technologies company.

The next dividend will be paid on March 31, 2021 to stockholders of record as of February 26, 2021. A new annual rate of 52 cents per share yields 0.6% at a stock price of $88.90. Power Integrations has now increased its dividend 9 consecutive years with double digit increases announced in each of the last three 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.