Ite Tech dividend – Ite Tech Announces 6.0 Cash Dividend
June 6, 2023
🌥️Dividends Yield
On June 3, 2023, Ite Tech ($TWSE:3014) Inc. announced a 6.0 cash dividend. This is great news for investors who are considering investing in dividend stocks. ITE TECH has issued an annual dividend per share of 9.0, 9.0 and 6.0 TWD in the last three years, yielding 10.65%, 10.65%, and 4.82% respectively; with an average dividend yield of 8.71%. This indicates that ITE TECH has an impressive track record for providing dividends to its shareholders. The ex-dividend date for the 2023 year is June 20th, 2023, meaning that investors who purchase the stock before the ex-dividend date will be eligible to receive the dividend.
Therefore, investors have an opportunity to earn a return on their investment if they can purchase the stock before the ex-dividend date and hold until the payment date. All in all, ITE TECH’s announcement of a 6.0 cash dividend is great news for investors who are looking to invest in dividend stocks. With a track record of consistent dividend payouts and an attractive yield, ITE TECH is a great option for investors.
Share Price
The news led to a 0.4% rise from the previous day’s closing price of 113.0, with the stock opening at NT$113.5 and ending at the same price. This marks ITE TECH’s first cash dividend of the year, and investors are expecting further developments in the near future. Live Quote…
About the Company
Income Snapshot
Below shows the total revenue, net income and net margin for Ite Tech. More…
| Total Revenues | Net Income | Net Margin |
| 4.92k | 1.16k | 23.5% |
Cash Flow Snapshot
Below shows the cash from operations, investing and financing for Ite Tech. More…
| Operations | Investing | Financing |
| 1.59k | -70.49 | -1.46k |
Balance Sheet Snapshot
Below shows the total assets, liabilities and book value per share for Ite Tech. More…
| Total Assets | Total Liabilities | Book Value Per Share |
| 7.37k | 1.39k | 37.14 |
Key Ratios Snapshot
Some of the financial key ratios for Ite Tech are shown below. More…
| 3Y Rev Growth | 3Y Operating Profit Growth | Operating Margin |
| 9.3% | 20.0% | 27.9% |
| FCF Margin | ROE | ROA |
| 30.5% | 15.1% | 11.7% |
Analysis
At GoodWhale, we have done a deep dive into ITE TECH‘s fundamentals to offer our customers an insightful analysis. After careful consideration, we have determined that ITE TECH is a high risk investment, both financially and business-wise. We have identified one risk warning in the income sheet, which we encourage our customers to check out. Register with us to learn more about this risk and to gain access to our full analysis. More…
Peers
It has established a strong reputation for providing quality products, reliable services, and innovative solutions to its customers. It has several competitors, including SFA Semicon Philippines Corp, Shanghai Fengyuzhu Culture Technology Co Ltd, and Global Mixed-Mode Technology Inc., all of which are highly regarded in the industry.
– SFA Semicon Philippines Corp ($PSE:SSP)
Semicon Philippines Corp is a leading manufacturer of semiconductor components and systems serving the electronics industry. With a market cap of 3.74B as of 2023, the company has been able to increase its value significantly over the years. The Return on Equity (ROE) of 5.74% further demonstrates the company’s success in generating positive returns for its shareholders. With its strong presence in the electronics industry, Semicon Philippines Corp is well-positioned to continue to grow and prosper in the coming years.
– Shanghai Fengyuzhu Culture Technology Co Ltd ($SHSE:603466)
Shanghai Fengyuzhu Culture Technology Co Ltd is a technology and culture firm, specializing in the development and distribution of apps and games, as well as other cultural products. As of 2023, the company has a market cap of 9.48B and a Return on Equity of 4.63%. This indicates that the company has a large market presence and is generating a healthy return on the capital invested in the company. This reflects positively on the performance of the company, and further reinforces the reputation of Shanghai Fengyuzhu Culture Technology Co Ltd as a leader in the technology and culture sector.
– Global Mixed-Mode Technology Inc ($TWSE:8081)
Global Mixed-Mode Technology Inc is a leading provider of semiconductor solutions and services. The company offers semiconductor components, integrated circuits, and other components for a variety of applications such as communications, consumer electronics, automotive, and industrial. The company has a market cap of 16.42B as of 2023, which makes it one of the highest valued in the semiconductor industry. The Return on Equity (ROE) of Global Mixed-Mode Technology Inc is 18.73%, which is well above the industry average of 15%. This indicates that the company is generating more profit from its assets than the industry standard and is well-positioned to grow in the coming years.
Summary
ITE TECH is an interesting dividend stock to consider for investors. With an average dividend yield of 8.71% over the past three years, it has provided investors with respectable returns. In addition to its average yield, ITE TECH has offered a dividend per share of 9.0, 9.0 and 6.0 TWD in the past three years, respectively, with yields of 10.65%, 10.65% and 4.82%. Investors interested in a reliable dividend income stream should take a closer look at ITE TECH as it could be a good opportunity for long-term growth.
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