Kulicke and Soffa Industries (KLIC) will raise its quarterly dividend by 21.4 percent to $0.17 per share in 2021. The dividend payment will be made on January 10, 2022 to holders of record as of December 23, 2021. The new dividend yield for KLIC is 1.4% at a stock price of $49.20.

"We recently highlighted a very promising business outlook during our Investor Day on September 23rd reinforcing our commitment to a long-term and growing dividend payout.  Today we are following through with that commitment with our second sequential dividend increase," stated Fusen Chen, President and CEO.

K&S most recently raised its quarterly dividend by $0.02, prior to the December 24, 2020 record date. In addition to providing investors with a consistent return, through its growing dividend program, the Company continues to actively repurchase shares through its opportunistic share repurchase program. During the first two weeks of fiscal year 2022, the Company repurchased $3.6 million in open market share repurchases.

Kulicke and Soffa is a provider of semiconductor, LED and electronic assembly solutions serving the global automotive, consumer, communications, computing and industrial markets. Founded in 1951, K&S prides itself on establishing foundations for technological advancement - creating pioneering interconnect solutions that enable performance improvements, power efficiency, form-factor reductions and assembly excellence of current and next-generation semiconductor devices. KLIC initiated a dividend in June 2018.