Power Integrations Announces Quarterly Dividend of $0.215 Per Share
Power Integrations (POWI) has declared a quarterly dividend of $0.215 per share, representing a forward yield of 2.23%. The dividend is scheduled to be paid on December 31, with the ex-dividend date and record date both set for November 30. This announcement follows recent financial performance where the company reported a Non-GAAP EPS of $0.46, beating analyst expectations by $0.05, despite a slight revenue miss of $0.53 million against a reported $125.5 million. The company is currently positioning itself for long-term growth, specifically targeting data center opportunities and aiming to double its Serviceable Addressable Market (SAM) by 2031.
Tickers: $POWI
Topics: dividend declaration earnings beat financial guidance revenue miss