Shareholders Approve $0.78 Cash Dividend with 0% Withholding Tax
IMOS has more than doubled off its 52-week low of $15.06.
Summary
ChipMOS Technologies shareholders approved a cash dividend of approximately $0.78 per ADS, with a favorable 0% withholding tax rate due to the distribution coming from capital surplus.
Key Events · Financing and Capital Events · IMOS
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Shareholder Approval
Shareholders formally approved a cash dividend distribution at the Annual General Meeting on May 26, 2026.
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Dividend Details
A cash dividend of NT$1.23 per common share, or approximately US$0.78 per ADS, will be distributed.
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Favorable Tax Treatment
The withholding tax rate decreased from 21% to 0% as the cash dividend is made from capital surplus rather than retained earnings.
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Key Dates Set
The ex-dividend date is June 29, 2026, with the ADR dividend distribution date set for July 24, 2026.
Analysis · IMOS · Manufacturing
Shareholders of ChipMOS Technologies have formally approved a cash dividend of approximately $0.78 per ADS. This final approval, following the Board's earlier declaration, is notable for the 0% withholding tax rate, a significant benefit for investors as the distribution is from capital surplus. This action reinforces the company's commitment to shareholder returns amidst its recent strong financial performance.
At the time of this filing, IMOS was trading at $58.80 on NASDAQ in the Manufacturing sector, with a market capitalization of approximately $1.9B. The 52-week trading range was $15.06 to $61.27. This filing was assessed with positive market sentiment and an importance score of 7 out of 10.