Amkor Technology Declares Increase in Quarterly Dividend and Special Dividend
November 13 2024 - 1:05PM
Business Wire
Amkor Technology, Inc. (Nasdaq: AMKR), a leading provider of
semiconductor packaging and test services, announced today 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. 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.”
About Amkor Technology, Inc.
Amkor Technology, Inc. is the world's largest US headquartered
OSAT (outsourced semiconductor assembly and test) service provider.
Since its founding in 1968, Amkor has pioneered the outsourcing of
IC packaging and test services and is a strategic manufacturing
partner for the world's leading semiconductor companies, foundries,
and electronics OEMs. Amkor provides turnkey manufacturing services
for the communication, automotive and industrial, computing, and
consumer industries, including but not limited to smartphones,
electric vehicles, data centers, artificial intelligence and
wearables. Amkor's operational base includes production facilities,
research and development centers, and sales and support offices
located in key electronics manufacturing regions in Asia, Europe
and the United States. For more information visit amkor.com.
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version on businesswire.com: https://www.businesswire.com/news/home/20241112751204/en/
Investor Relations Jennifer Jue Vice President, Investor
Relations and Finance 480-786-7594 jennifer.jue@amkor.com
Social Media: @amkortechnology
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