#7 - United Microelectronics (NYSE:UMC)
The artificial intelligence revolution is at the beginning of what will be a multi-year trend. At this point, it’s still a good time to own stocks of companies that make the semiconductor chips that will be required to run AI applications.
That may make you think of NVIDIA Corp. (NASDAQ: NVDA) and there are reasons for and against NVDA stock. But United Microelectronics Corp. (NYSE: UMC) may be an equally savvy choice for dividend-oriented investors. The Taiwanese-based company is one of the world’s most prominent semiconductor foundries. That means it designs and manufactures integrated circuits for customers worldwide.
UMC stock has roughly tracked the broader chip sector. That means, with the exception of NVDA, it’s been a challenging year. That's reflected in the company’s revenue and earnings which have been lower year-over-year in the first two quarters of 2024. That’s expected to change which makes this a good time to consider getting on board with United Microelectronics and its 4.03% dividend yield.
About United Microelectronics
United Microelectronics Corporation operates as a semiconductor wafer foundry in Taiwan, Singapore, China, Hong Kong, Japan, the United States, Europe, and internationally. The company provides circuit design, mask tooling, wafer fabrication, and assembly and testing services. It serves fabless design companies and integrated device manufacturers.
Read More - Current Price
- $8.81
- Consensus Rating
- Moderate Buy
- Ratings Breakdown
- 2 Buy Ratings, 1 Hold Ratings, 0 Sell Ratings.
- Consensus Price Target
- $8.90 (1.0% Upside)
The list above is just a sample of quality dividend stocks under $20. It's important to perform your own due diligence to find the stocks that fit your investing style and risk tolerance. In addition to looking at a company's financial health, it's also important to consider diversifying your portfolio of dividend stocks. Buying dividend stocks across a range of sectors helps lower your overall risk.
MarketBeat's Dividend Screener is a free tool that's available to all investors to help you find quality dividend stocks for your portfolio. The screener provides a broad range of filters that allow you to fine-tune your search for different sectors, different stock prices, dividend yields, three-year dividend growth and more.
And once you find a stock for your portfolio or watchlist, MarketBeat has all the tools that allow you to stay on top of news pertaining to that stock. It's one of many reasons that investors find MarketBeat to be a one-stop resource for their investment research.
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