Stock News Alert: ChipMOS TECHNOLOGIES INC. (NASDAQ:IMOS)

ChipMOS TECHNOLOGIES INC.  (NASDAQ:IMOS) stock observed trading -19.01% off 52-week high price. On the other end, the stock has been noted 20.06% away from low price over the last 52-weeks. The stock disclosed a move of -3.44% away from 50 day moving average and -6.34% away from 200 day moving average. Moving closer, we can see that shares have been trading 1.79% off 20-day moving average. It has market cap of $573.98M and dividend yield of 2.99%.

On June 28, 2019, ChipMOS TECHNOLOGIES INC.  (NASDAQ: IMOS) an industry leading provider of outsourced semiconductor assembly and test services (OSAT), reported it has submitted a dividend/distribution form to NASDAQ, as notification of the below actions for the Company’s American Depositary Shares (ADRs). The Company’s Board proposed on March 7, 2019 that NT$1.2 per common share or approximately US$0.77 per ADS be distributed to shareholders from earnings. This was approved by shareholders at the Company’s AGM on June 10, 2019.

Type of Distribution: Cash Dividend

Declaration Date: June 27, 2019

Ex-Dividend Date: August 7, 2019

ADR Dividend Record Date: August 8, 2019

ADR Dividend Distribution Date: To be determined by the Depositary, Citibank NA (Citi), once Citi receives the distribution from the Company on August 30, 2019

ADR books will be closed from August 6, 2019 to August 13, 2019 to coincide with the Taiwan local share book close period of August 9, 2019 to August 13, 2019

The final dividend amount to be distributed in the United States Dollars will be determined by the Depositary, Citibank NA, once it receives the distribution from the Company on August 30, 2019, converts the amount from New Taiwan Dollars into United States Dollars and deducts appropriate taxes and fees.

S.J. Cheng, Chairman and President of ChipMOS, said This latest distribution continues our track record of consistently building value for investors. Our successful business execution and cash flow generation has put ChipMOS in a solid position with a strong balance sheet, able to support our current and long-term priority growth drivers. The Taiwan based company ChipMOS TECHNOLOGIES INC. moved with change of -1.60% to $15.38 with the total traded volume of 14440 shares in recent session versus to an average volume of 14.83K. The stock was observed in the 5 days activity at -0.58%. The one month performance of stock was 7.18%. IMOS’s shares are at -8.89% for the quarter and driving a -6.36% return over the course of the past year and is now at -8.67% since this point in 2018.  The average volatility for the week and month was at 2.32% and 2.09% respectively. There are 37.32M shares outstanding and 21.87M shares are floated in market.

Leave a Reply

Your email address will not be published. Required fields are marked *