Amkor Technology hikes dividend by 4.9% and declares special dividend

Amkor Technology, Inc. (AMKR), a leading provider of semiconductor packaging and test services, today announced a 4.9% dividend increase and a special dividend. The dividend track record for Amkor stands at 4 consecutive years of increases.

On November 13, 2024, Amkor Technology announced that its Board of Directors has approved a 5% increase in the company’s quarterly cash dividend, from $0.07875 per share to $0.08269 per share, on the company’s common stock. Another semiconductor stock hiking its dividend recently is KLA Corp. The Board has also approved the payment of an approximately $100 million special cash dividend, or $0.40546 per share, on the company’s common stock. Both dividends will be payable on December 23, 2024, to stockholders of record as of the close of business on December 4, 2024.

“In line with Amkor’s capital allocation policy to return 40% to 50% of cumulative free cash flow generated over time, the Board of Directors has decided to declare a special cash dividend for our shareholders,” said Giel Rutten, Amkor’s president and chief executive officer. “This decision highlights our ongoing commitment to delivering value to our shareholders and demonstrates our confidence in the long-term outlook of our business.”

At a stock price of $25.96 the dividend yield for Amkor is 1.2%. The special dividend will yield 1.5%. Many other companies also announced special dividends recently including Chord Energy, Investors Title and Outfront Media.

Amkor Technology, Inc. is one of the world’s largest providers of outsourced semiconductor packaging and test services. Founded in 1968, Amkor pioneered the outsourcing of IC packaging and test, and is now a strategic manufacturing partner for the world’s leading semiconductor companies, foundries and electronics OEMs. Amkor’s operational base includes production facilities, product development centers, and sales and support offices located in key electronics manufacturing regions in Asia, Europe and the USA.