Power Integrations hikes dividend by 5% (12th consecutive year of increases)

Semiconductor company Power Integrations (POWI) will raise its quarterly dividend by 5 percent to 21 cents per share Q4 of 2024. This marks 12 consecutive years of increased dividends. The dividend yield for POWI is 1.3% at a stock price of $66.30.

The new dividend of $0.21 per share will be paid on December 31, 2024, to stockholders of record as of November 29, 2024. Last year Power Integrations announced a dividend hike of 11.1%, marking the 6th straight year with a double digit dividend increase. This resulted in POWI becoming one of the Dividend Heroes in 2024.

At a stock price of $66.30 the dividend yield for POWI is 1.3%. The company now pays an estimated $48 million in dividends to shareholders annually. The stock price of Power Integrations is not doing that well when compared to other semiconductor companies.

POWI is performing poorly in the last couple of year
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Other semiconductor companies announcing a dividend hike recently are Microchip Technology, KLA Corporation and Lam Research.

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.