ASML Holding N.V. (NASDAQ:ASML) Raises Dividend to $1.88 Per Share

ASML Holding N.V. (NASDAQ:ASML) announced a quarterly dividend on Wednesday, January 28th. Shareholders of record on Tuesday, February 10th will be given a dividend of 1.8827 per share by the semiconductor company on Wednesday, February 18th. This represents a c) dividend on an annualized basis and a yield of 0.5%. The ex-dividend date of this dividend is Tuesday, February 10th. This is a 1.4% increase from ASML’s previous quarterly dividend of $1.86.

ASML has increased its dividend payment by an average of 0.1%annually over the last three years. ASML has a dividend payout ratio of 20.9% meaning its dividend is sufficiently covered by earnings. Research analysts expect ASML to earn $29.27 per share next year, which means the company should continue to be able to cover its $6.33 annual dividend with an expected future payout ratio of 21.6%.

ASML Stock Up 1.2%

Shares of NASDAQ:ASML traded up $16.46 during trading on Thursday, reaching $1,439.38. 1,792,494 shares of the company traded hands, compared to its average volume of 2,317,553. ASML has a 1-year low of $578.51 and a 1-year high of $1,493.47. The company has a quick ratio of 0.70, a current ratio of 1.31 and a debt-to-equity ratio of 0.14. The firm has a market cap of $566.08 billion, a P/E ratio of 58.54, a price-to-earnings-growth ratio of 1.98 and a beta of 1.86. The firm has a fifty day simple moving average of $1,160.07 and a 200 day simple moving average of $976.02.

About ASML

ASML Holding N.V. (NASDAQ: ASML) is a Dutch company that develops, manufactures and services advanced photolithography systems used to produce semiconductor chips. Headquartered in Veldhoven, Netherlands, ASML supplies capital equipment and associated software and services that enable semiconductor manufacturers to pattern the intricate circuits on silicon wafers. The company is widely recognized for its leadership in extreme ultraviolet (EUV) lithography as well as its deep ultraviolet (DUV) platforms used across multiple process nodes.

ASML’s product portfolio includes EUV and DUV lithography machines, light sources, imaging optics and control software, together with spare parts, upgrades and field services.