Chipmos Technologies (IMOS) To Go Ex-Dividend on June 29th

Chipmos Technologies (NASDAQ:IMOS) announced an annual dividend on Tuesday, May 26th. Stockholders of record on Monday, June 29th will be paid a dividend of 0.7826 per share by the semiconductor company on Friday, July 24th. This represents a dividend yield of 142.0%. The ex-dividend date is Monday, June 29th. This is a 27.6% increase from Chipmos Technologies’s previous annual dividend of $0.61.

Chipmos Technologies has decreased its dividend by an average of 0.1%annually over the last three years. Chipmos Technologies has a dividend payout ratio of 45.5% meaning its dividend is sufficiently covered by earnings.

Chipmos Technologies Trading Up 2.5%

IMOS opened at $60.38 on Friday. Chipmos Technologies has a 12 month low of $15.06 and a 12 month high of $72.91. The stock has a market capitalization of $2.13 billion, a price-to-earnings ratio of 82.16 and a beta of 1.32. The company has a debt-to-equity ratio of 0.44, a current ratio of 2.40 and a quick ratio of 2.08. The business has a fifty day moving average price of $55.83 and a 200 day moving average price of $42.98.

Analyst Upgrades and Downgrades

A number of equities analysts have recently commented on the company. Weiss Ratings reissued a “hold (c-)” rating on shares of Chipmos Technologies in a research report on Friday, April 10th. Wall Street Zen cut shares of Chipmos Technologies from a “strong-buy” rating to a “buy” rating in a report on Saturday, May 9th. One investment analyst has rated the stock with a Hold rating, Based on data from MarketBeat, the company presently has a consensus rating of “Hold”.

Chipmos Technologies Company Profile

ChipMOS Technologies Inc is a Taiwan‐based provider of outsourced semiconductor assembly, testing and packaging services. The company offers a comprehensive range of back‐end solutions including wafer probing, assembly, surface mount and final test services for memory chips, microcontrollers, system‐on‐chips and other integrated circuits. ChipMOS serves customers in the consumer electronics, communications, industrial and automotive markets by delivering reliable testing and packaging support to semiconductor fabless companies and foundries.

Founded in 1997 and headquartered in Hsinchu, Taiwan, ChipMOS operates multiple production facilities across Asia, including sites in Taoyuan (Taiwan), Guangdong Province (China) and Singapore.