Skyworks Solutions hikes dividend by 9.7% to $0.68 quarterly in 2023

Semiconductor company Skyworks Solutions (SWKS) will increase its quarterly dividend by 9.7 percent to 68 cents per share in 2023. The new annual dividend rate of $2.72 yields 2.5% at a stock price of $109. This marks 9 consecutive years of increased dividends by SWKS.

Skyworks’ board of directors has declared a cash dividend of $0.68 per share of the Company’s common stock, representing a 10% increase from the prior quarterly dividend of $0.62 per share. The dividend is payable on Sept. 19, 2023, to stockholders of record at the close of business on Aug. 29, 2023.

Skyworks Solutions Inc. is a manufacturer of analog semiconductor products for the aerospace, automotive, broadband, cellular infrastructure, connected home, industrial, medical, military, smartphone, tablet and wearable markets.  Skyworks operates worldwide with engineering, manufacturing, sales and service facilities throughout Asia, Europe and North America. The company was formed in 1962 and changed its corporate name from Alpha Industries, Inc. to Skyworks Solutions, Inc. on June 25, 2002, following a business combination. Skyworks has paid a dividend every year since 2014.