Why Kulicke & Soffa Stock Is Up 14.5% So Far This Week
Semiconductor equipment manufacturer Kulicke & Soffa Industries (NASDAQ: KLIC) has been having a banner week so far, with its shares closing Thursday up 14.5% from last Friday's close. The obvious reason: On Monday, Kulicke & Soffa announced that it is hiking its quarterly dividend by 21%, to $0.17 per share. Management explained that it can afford the richer dividend because, as outlined at its recent Investor Day, the company sees "a very promising business outlook" for semiconductor manufacturing.
