United Microelectronics Corporation (UMC) To Go Ex-Dividend on July 8th

United Microelectronics Corporation (NYSE:UMC) announced an annual dividend on Tuesday, June 23rd. Shareholders of record on Wednesday, July 8th will be paid a dividend of 0.4122 per share by the semiconductor company on Thursday, August 6th. This represents a yield of 144.0%. The ex-dividend date of this dividend is Wednesday, July 8th. This is a 12.6% increase from United Microelectronics’s previous annual dividend of $0.37.

United Microelectronics has increased its dividend payment by an average of 0.3%per year over the last three years. United Microelectronics has a payout ratio of 60.7% indicating that its dividend is sufficiently covered by earnings. Equities analysts expect United Microelectronics to earn $0.84 per share next year, which means the company should continue to be able to cover its $0.37 annual dividend with an expected future payout ratio of 44.0%.

United Microelectronics Stock Up 6.7%

Shares of NYSE UMC opened at $27.96 on Thursday. The stock has a market capitalization of $70.39 billion, a P/E ratio of 43.02, a PEG ratio of 3.09 and a beta of 1.61. The company has a debt-to-equity ratio of 0.12, a current ratio of 2.72 and a quick ratio of 2.23. United Microelectronics has a one year low of $6.56 and a one year high of $28.66. The firm’s 50 day simple moving average is $17.89 and its two-hundred day simple moving average is $12.33.

United Microelectronics (NYSE:UMC) last released its earnings results on Wednesday, April 29th. The semiconductor company reported $0.20 EPS for the quarter, beating the consensus estimate of $0.12 by $0.08. The company had revenue of $1.91 billion for the quarter, compared to analyst estimates of $1.92 billion. United Microelectronics had a net margin of 20.71% and a return on equity of 13.67%. As a group, analysts expect that United Microelectronics will post 0.7 EPS for the current fiscal year.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Arrowstreet Capital Limited Partnership boosted its holdings in United Microelectronics by 0.8% in the first quarter. Arrowstreet Capital Limited Partnership now owns 129,895 shares of the semiconductor company’s stock worth $1,166,000 after acquiring an additional 1,074 shares in the last quarter. Cetera Investment Advisers increased its holdings in shares of United Microelectronics by 7.7% during the fourth quarter. Cetera Investment Advisers now owns 15,472 shares of the semiconductor company’s stock valued at $122,000 after acquiring an additional 1,103 shares in the last quarter. Xponance LLC raised its position in shares of United Microelectronics by 7.2% in the 4th quarter. Xponance LLC now owns 20,494 shares of the semiconductor company’s stock worth $161,000 after purchasing an additional 1,384 shares during the last quarter. Xponance Inc. raised its position in shares of United Microelectronics by 8.2% in the 3rd quarter. Xponance Inc. now owns 19,110 shares of the semiconductor company’s stock worth $145,000 after purchasing an additional 1,445 shares during the last quarter. Finally, Bridgewater Advisors Inc. boosted its stake in United Microelectronics by 1.8% in the 1st quarter. Bridgewater Advisors Inc. now owns 79,803 shares of the semiconductor company’s stock worth $717,000 after purchasing an additional 1,449 shares in the last quarter. Institutional investors own 5.05% of the company’s stock.

United Microelectronics Company Profile

United Microelectronics Corporation (UMC) is a Taiwan-based semiconductor foundry that provides wafer fabrication and related manufacturing services to a global customer base. Founded in 1980, the company operates as a pure-play foundry, producing integrated circuits for a range of customers including fabless semiconductor companies and integrated device manufacturers. UMC is publicly listed (NYSE: UMC) and focuses on high-reliability manufacturing rather than branding consumer products.

UMC’s core services encompass wafer fabrication using a portfolio of process technologies, with particular emphasis on mature and specialty nodes that support analog, power-management, radio-frequency (RF), and mixed-signal applications.