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United Microelectronics Corp () is the world’s third-largest dedicated chip foundry, with 7% market share in 2023 after TSMC and SMIC.UMC’s headquarters are in Hsinchu, Taiwan, and it operates 12 fabs in Taiwan, Mainland China, Japan and Singapore, with additional sales offices in Europe, the US, and South Korea.UMC features a diverse customer base that includes Texas Instruments, MediaTek, Qualcomm, Broadcom, Xilinx, and Realtek, supplying a wide range of products applied in communications, display, memory, automotive and more. UMC employs about 20,000 people.United Microelectronics Corporation was incorporated in 1980 and is headquartered in Hsinchu City, Taiwan.Three key data points gauge UMC or any dividend paying firm.The key three are:(1) Price(2) Dividends(3) ReturnsThose three keys also best tell whether any company has made, is making, and will make money.
UMC PriceUnited’s share price fell 15% in the past year from $7.88 to $6.69 as of Wednesday’s market close.In the past 10 years the company’s share price has rarely been less than $1.50 nor more than $12.68.If shares trade in the range of $5.00 to $8.00 this next year, the recent $6.69 share price might grow to $7.30. Of course, UMC shares could also drop about the same $0.61 estimated amount, or more.My $0.61 price upside estimate is in line with the medan of one year target prices projected by five analysts tracking UMC for brokers
UMC Dividend
United Microelectronics has paid annual dividends since August 2005. The company’s most recent A dividend of $0.46 was declared June 13th for shareholders of record July 2nd and the payout was made August 7th.The forward annual dividend yields 6.81% per Wednesday’s closing price.
UMC ReturnsPutting it all together, a $1.07 estimated annual gross gain per share shows up by adding UMC’s annual $0.46 dividend to the estimated price upside of $0.61, totaling that $1.07 gross gain.A little under $1000 buys 149 shares at Wednesday’s $6.69 share price.A $10 broker fee (if charged), collected half at purchase and half at sale, might take about $0.07 per share out of the $1.07 gross-gain to give us a net gain of $1.00 X 149 shares = $149.00 for about a 14.9% estimated net gain for the year.Furthermore, the $68.10 annual estimated dividend from $1k invested is over 10 times greater than the $6.68 single share price. By these numbers, UMC may be an ideal dividend dog.Therefore, you might choose to pounce on United Microelectronics Corp It is a 44 year-old Annual dividend paying Taiwan chip foundry with a 19-year dividend record.The exact track of UMC’s future price and dividend will entirely be determined by market action and company finances.Remember the best measure of stock value is through direct ownership of shares.More By This Author:
Current Report – United Microelectronics
