AMKOR Technology declares $0.05 quarterly dividend

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Amkor Technology($NASDAQ:AMKR) had declared $0.05/share quarterly dividend, in line with previous. Payable Sept. 26; for shareholders of record Sept. 6; ex-div Sept. This dividend is nothing new and is in-line with what Amkor Technology has been doing in the past. I don’t think this will have a significant effect on Amkor Technology’s market or earnings in the long term.

Share Price

AMKOR Technology, a leading provider of semiconductor packaging and test services, has declared a $0.05 quarterly dividend. AMKOR Technology stock opened at $19.60 on Thursday and closed at $19.60. Shares of AMKOR Technology are traded on the Nasdaq Global Select Market under the ticker symbol AMKR.

VI Analysis

A company’s fundamentals reflect its long term potential. The VI app makes it easy to see that AMKOR TECHNOLOGY has a high health score of 8/10, based on its cashflows and debt. This means that the company is capable of safely riding out any crisis without the risk of bankruptcy. AMKOR TECHNOLOGY is classified as a ‘gorilla’, a type of company that has achieved stable and high revenue or earnings growth due to its strong competitive advantage. High growth companies are deemed more risky as they attempt to grow faster. However, AMKOR TECHNOLOGY’s strong growth prospects make it a company worth considering for investment.

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Summary

AMKOR Technology, Inc today announced that its board of directors has declared a quarterly cash dividend of $0.05 per share of common stock. “We are pleased to continue our tradition of paying dividends to our shareholders,” said Steve Kelley, AMKOR’s president and CEO. “Despite the current challenges in the market, we remain committed to creating shareholder value.” AMKOR is a leading provider of advanced semiconductor packaging and test services. The company offers a full suite of microelectronic design and manufacturing services, including semiconductor wafer bump, wafer probe, wafer backgrind, package design, packaging, and test. AMKOR’s products are used in a wide range of applications, including smartphones, tablets, notebooks, gaming devices, automotive electronics, and enterprise systems. For more information, visit http://www.amkor.com. AMKOR Technology, Inc is followed by the analyst listed below. Please note that any opinions, estimates or forecasts regarding AMKOR Technology’s performance made by these analysts are theirs alone and do not represent opinions, forecasts or predictions of AMKOR Technology or its management. AMKOR Technology does not by its reference below or distribution imply its endorsement of or concurrence with such information, conclusions or recommendations. Analyst Coverage Firm Analyst Needham & Company Yung Kim Rosenblatt Securities Jun Zhang B. Riley FBR Craig Ellis.