Power Integrations, Inc. (NASDAQ:POWI) will begin trading ex-dividend on November 27, 2020. The quarterly dividend payment of $ 0.11 per share is scheduled to be paid on December 31, 2020. The dividend yield based on the latest trading day closing price was 0.64 percent. Shareholders who purchased POWI shares prior to the ex-dividend date are eligible for the cash dividend payment.
Dividends History
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Power Integrations, Inc. recently reported third quarter financial results on October 29, 2020, after market close, the San Jose based company posted income for the third quarter of $ 0.40 per share, from the revenue of $ 121.13 million. The quarterly earnings lowered 48.72 percent while revenues developed 6.11 percent compared with the same quarter last year.
According to street consensus, POWI was expected to report 3Q20 income of $ 0.36 per share from revenue of $ 115.12 million. The bottom line results beat street analysts by $ 0.04 or 11.11 percent, at the same time, top line results outshined analysts by $ 6.01 million or 5.22 percent.
Stock Performance
Shares of Power Integrations, Inc. traded up $ 0.75 or 1.10 percent on Thursday, reaching $ 68.82 with volume of 235.90 thousand shares. Power Integrations, Inc. has traded high as $ 69.03 and has cracked $ 67.51 on the downward trend
According to the previous trading day, closing price of $ 68.82, representing a 76.48 % increase from the 52 week low of $ 38.57 and a 4.49 % decrease over the 52 week high of $ 71.27.
The company has a market capital of $ 4.12 billion and is part of the Technology sector and Semiconductors industry.
Power Integrations, Inc. designs, develops, and markets analog and mixed-signal integrated circuits (ICs), and other electronic components and circuitry used in high-voltage power conversion worldwide. The company offers a range of alternating current to direct current (DC) power conversion products that address power supply ranging from less than 1 watt of output to approximately 500 watts of output for mobile-device chargers, consumer appliances, utility meters, LCD monitors, main and standby power supplies for desktop computers and TVs, and other consumer and industrial applications, as well as light-emitting diode lighting.
