Skyworks Solutions Boosts Dividend by 10.7%
August 5, 2022
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Skyworks Solutions ($NASDAQ:SWKS) recently announced a dividend of $0.62 per share, a 10.7% increase from the prior dividend of $0.56. This move is likely to have a positive effect on the company’s market value and earnings in the long term. Skyworks Solutions is a leading provider of semiconductor solutions for the mobile and aerospace markets. The company’s products are used in a wide range of applications, including smartphones, tablets, notebooks, automotive systems, and aircraft.
Skyworks Solutions, a leading provider of semiconductor solutions for wireless communications, announced on Thursday that it was boosting its dividend by 10.7%. The move comes as the company looks to reward shareholders after a strong year of growth.
Skyworks Solutions has a history of strong dividend growth, and this latest increase is just the latest example of the company’s commitment to shareholder returns. With a strong balance sheet and a bright future, Skyworks Solutions is well-positioned to continue delivering strong dividend growth for years to come.
The company’s fundamentals reflect its long term potential.
However, according to VI’s Risk Rating, SKYWORKS SOLUTIONS is a high risk investment in terms of financial and business aspects. Potential risks may be present in the company’s business and financial areas.
This marks the sixth consecutive year that Skyworks has increased its dividend. “We are very pleased to announce our sixth consecutive annual dividend increase,” said Liam K. Griffin, President and Chief Executive Officer of Skyworks. “This 10.7% increase is a reflection of our continued confidence in the growth prospects for our business and our commitment to returning capital to our shareholders.” The dividend news sent Skyworks shares up 1.4% in pre-market trading on Tuesday.
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