Power Integrations, Inc. (POWI) to Issue Quarterly Dividend of $0.22 on June 30th

Power Integrations, Inc. (NASDAQ:POWI) announced a quarterly dividend on Thursday, May 7th. Stockholders of record on Friday, May 29th will be given a dividend of 0.215 per share by the semiconductor company on Tuesday, June 30th. This represents a c) annualized dividend and a dividend yield of 1.2%. The ex-dividend date is Friday, May 29th.

Power Integrations has increased its dividend by an average of 0.1%annually over the last three years and has raised its dividend annually for the last 12 consecutive years. Power Integrations has a payout ratio of 43.0% indicating that its dividend is sufficiently covered by earnings. Equities analysts expect Power Integrations to earn $1.05 per share next year, which means the company should continue to be able to cover its $0.86 annual dividend with an expected future payout ratio of 81.9%.

Power Integrations Stock Performance

POWI stock opened at $73.28 on Friday. Power Integrations has a one year low of $30.86 and a one year high of $81.59. The stock has a market capitalization of $4.08 billion, a PE ratio of 244.27, a price-to-earnings-growth ratio of 5.45 and a beta of 1.54. The company has a fifty day moving average of $55.06 and a 200-day moving average of $45.36.

Power Integrations (NASDAQ:POWI) last released its earnings results on Thursday, May 7th. The semiconductor company reported $0.25 EPS for the quarter, topping the consensus estimate of $0.23 by $0.02. Power Integrations had a net margin of 3.72% and a return on equity of 5.32%. The company had revenue of $108.31 million during the quarter, compared to analysts’ expectations of $106.75 million. During the same quarter last year, the business earned $0.31 EPS. The business’s revenue was up 2.6% on a year-over-year basis. Equities analysts forecast that Power Integrations will post 0.64 earnings per share for the current fiscal year.

About Power Integrations

Power Integrations, Inc, based in Hillsboro, Oregon, specializes in the design and development of high-performance analog and mixed-signal integrated circuits for energy-efficient power conversion. The company’s products are used to convert and regulate electrical power in a wide range of applications, from consumer electronics and industrial systems to communications equipment and electric vehicle charging. By providing compact, reliable, and highly integrated solutions, Power Integrations aims to reduce system size, improve efficiency, and simplify thermal management for its customers.

The firm’s product portfolio encompasses isolated and non-isolated switching controllers for both AC-DC and DC-DC power conversion.