Himax Technologies, Inc. (NASDAQ:HIMX – Get Free Report) declared an annual dividend on Thursday, May 7th. Shareholders of record on Tuesday, June 30th will be given a dividend of 0.252 per share by the semiconductor company on Friday, July 10th. This represents a yield of 122.0%. The ex-dividend date is Tuesday, June 30th.
Himax Technologies has a dividend payout ratio of 41.4% indicating that its dividend is sufficiently covered by earnings. Equities research analysts expect Himax Technologies to earn $0.72 per share next year, which means the company should continue to be able to cover its $0.24 annual dividend with an expected future payout ratio of 33.3%.
Himax Technologies Trading Down 4.6%
Himax Technologies stock opened at $14.39 on Friday. Himax Technologies has a one year low of $6.85 and a one year high of $25.09. The company’s fifty day moving average price is $17.15 and its two-hundred day moving average price is $11.43. The company has a debt-to-equity ratio of 0.02, a current ratio of 1.62 and a quick ratio of 1.42. The company has a market capitalization of $2.51 billion, a price-to-earnings ratio of 73.42 and a beta of 2.25.
About Himax Technologies
Himax Technologies, Inc (NASDAQ: HIMX) is a fabless semiconductor company specializing in display imaging technologies. The company designs and develops a comprehensive portfolio of display driver integrated circuits (DDICs), timing controllers, and other high-speed interface chips that enable high-resolution panels for a wide array of electronic devices. Himax’s solutions are tailored to support both LCD and OLED displays, ensuring compatibility with television sets, desktop monitors, laptops, tablets, smartphones and wearable devices.
In addition to core display driver products, Himax offers wafer-level optics and liquid crystal on silicon (LCOS) microdisplay solutions for applications in augmented reality (AR) and virtual reality (VR) headsets.
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