ASE Technology Holding Co., Ltd. Plans Annual Dividend of $0.32 (NYSE:ASX)

ASE Technology Holding Co., Ltd. (NYSE:ASX) declared an annual dividend on Tuesday, June 4th, Wall Street Journal reports. Investors of record on Tuesday, July 2nd will be given a dividend of 0.3209 per share by the semiconductor company on Friday, August 2nd. This represents a yield of 2.2%. The ex-dividend date is Tuesday, July 2nd.

ASE Technology has raised its dividend by an average of 60.4% annually over the last three years. ASE Technology has a payout ratio of 41.6% meaning its dividend is sufficiently covered by earnings. Research analysts expect ASE Technology to earn $0.84 per share next year, which means the company should continue to be able to cover its $0.32 annual dividend with an expected future payout ratio of 38.1%.

ASE Technology Price Performance

NYSE:ASX opened at $11.42 on Friday. The stock has a market cap of $25.04 billion, a P/E ratio of 24.83, a PEG ratio of 0.64 and a beta of 1.20. The company has a debt-to-equity ratio of 0.37, a current ratio of 1.19 and a quick ratio of 0.92. The company has a fifty day moving average price of $10.87 and a 200 day moving average price of $10.23. ASE Technology has a one year low of $7.20 and a one year high of $12.23.

ASE Technology (NYSE:ASX) last announced its quarterly earnings results on Thursday, April 25th. The semiconductor company reported $0.08 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.10 by ($0.02). The business had revenue of $4.24 billion during the quarter. ASE Technology had a net margin of 5.41% and a return on equity of 10.09%. During the same quarter in the previous year, the business earned $0.09 earnings per share. Analysts anticipate that ASE Technology will post 0.62 earnings per share for the current year.

Analyst Upgrades and Downgrades

Several brokerages have issued reports on ASX. StockNews.com raised shares of ASE Technology from a “hold” rating to a “buy” rating in a report on Thursday, June 13th. Morgan Stanley lowered shares of ASE Technology from an “overweight” rating to an “equal weight” rating in a report on Tuesday, June 25th.

About ASE Technology

ASE Technology Holding Co, Ltd., together with its subsidiaries, provides semiconductors packaging and testing, and electronic manufacturing services in the United States, Taiwan, Asia, Europe, and internationally. It develops, constructs, sells, leases, and manages real estate properties; produces substrates; offers information software, equipment leasing, investment advisory, and warehousing management services; commercial complex, after-sales, and support services; manages parking lot services; processes and sells computer and communication peripherals, electronic components, telecommunications equipment, and motherboards; and imports and exports goods and technology.