Skyworks Solutions hikes dividend by 12%

Skyworks Solutions (SWKS) will increase its quarterly dividend by 12 percent to 56 cents per share in 2021. This comes after a dividend hike of 13.6 percent to 50 cents per share quarterly in 2020. The semiconductor company has now raised its dividend 7 consecutive years.

The next increased dividend of 56 cents is payable on September 7, 2021, to stockholders of record at the close of business on August 17, 2021. A new annual rate of $2.24 per share yields 1.2% at a stock price of $184 for Skyworks. The ex-dividend date for SWKS is August 16, 2021.

Skyworks Solutions Inc. is a manufacturer of analog semiconductor products for the aerospace, automotive, broadband, cellular infrastructure, connected home, industrial, medical, military, smartphone, tablet and wearable markets.  Skyworks operates worldwide with engineering, manufacturing, sales and service facilities throughout Asia, Europe and North America. The company was formed in 1962 and changed its corporate name from Alpha Industries, Inc. to Skyworks Solutions, Inc. on June 25, 2002, following a business combination. Skyworks has paid a dividend every year since 2014.