ASE Technology Holding Co., Ltd. (ASX) To Go Ex-Dividend on July 6th

ASE Technology Holding Co., Ltd. (NYSE:ASXGet Free Report) announced an annual dividend on Wednesday, June 17th. Investors of record on Monday, July 6th will be given a dividend of 0.4171 per share by the semiconductor company on Friday, August 7th. This represents a yield of 111.0%. The ex-dividend date is Monday, July 6th. This is a 16.2% increase from ASE Technology’s previous annual dividend of $0.36.

ASE Technology has increased its dividend payment by an average of 0.2%annually over the last three years. ASE Technology has a dividend payout ratio of 37.3% meaning its dividend is sufficiently covered by earnings. Research analysts expect ASE Technology to earn $1.45 per share next year, which means the company should continue to be able to cover its $0.31 annual dividend with an expected future payout ratio of 21.4%.

ASE Technology Trading Up 0.2%

ASE Technology stock opened at $41.95 on Friday. The company has a debt-to-equity ratio of 0.53, a quick ratio of 0.89 and a current ratio of 1.15. ASE Technology has a fifty-two week low of $9.30 and a fifty-two week high of $45.52. The stock has a market cap of $93.28 billion, a P/E ratio of 61.69 and a beta of 1.69. The firm’s fifty day moving average price is $36.64 and its 200-day moving average price is $26.47.

ASE Technology (NYSE:ASXGet Free Report) last issued its quarterly earnings data on Wednesday, April 29th. The semiconductor company reported $0.20 EPS for the quarter, topping the consensus estimate of $0.17 by $0.03. ASE Technology had a return on equity of 13.48% and a net margin of 7.03%.The company had revenue of $5.43 billion during the quarter, compared to analyst estimates of $5.32 billion. Equities research analysts forecast that ASE Technology will post 0.84 earnings per share for the current fiscal year.

Analyst Ratings Changes

A number of brokerages have commented on ASX. Zacks Research raised ASE Technology from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, May 5th. Weiss Ratings reissued a “hold (c+)” rating on shares of ASE Technology in a research note on Tuesday, June 9th. Finally, Wall Street Zen upgraded shares of ASE Technology from a “hold” rating to a “buy” rating in a report on Sunday, April 5th. One research analyst has rated the stock with a Strong Buy rating, one has issued a Buy rating and one has assigned a Hold rating to the company’s stock. Based on data from MarketBeat, the stock currently has an average rating of “Buy”.

Check Out Our Latest Research Report on ASX

ASE Technology Company Profile

(Get Free Report)

ASE Technology Holding Co, Ltd. (NYSE: ASX), commonly referred to as ASE, is a Taiwan-based provider of semiconductor assembly and testing services. The company focuses on back-end semiconductor manufacturing and related services that prepare integrated circuits and other semiconductor devices for final use. Its core activities include advanced IC packaging, final testing, wafer probing, and related engineering and supply-chain support for semiconductor customers.

ASE offers a range of products and technical capabilities designed to meet increasingly complex packaging and system-in-package requirements.

Further Reading

Dividend History for ASE Technology (NYSE:ASX)

Receive News & Ratings for ASE Technology Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for ASE Technology and related companies with MarketBeat.com's FREE daily email newsletter.