Hon Hai, UMC Failed to Fill the Void, UMC Surges to Third Highest Trading Volume in a Single Day Only After Two ETFs

Reported 12 months ago

Hon Hai and UMC staged a dividend reduction show on July 2, 2024, facing the fate of failing to fill the void and ending up in a dividend-reduction situation. In the morning, Hon Hai rose to 213 NT dollars, with a nearly 50% fill rate. However, the stock turned negative post-10:30 am, ending at 204.5 NT dollars, falling into the dividend-reduction trap, while UMC opened low at 51.9 NT dollars, closing at 52.7 NT dollars without successfully filling the dividend void. UMC's cash dividend yield is at 5.69%, ranking among the top in the semiconductor sector. UMC's trading volume today reached 236,867 shares, ranking third in individual stock trading volume, following only the two ETFs of Far Eastern Taiwan Tech High Dividend (00929) and Cathay Growth High Dividend (00934).

Source: YAHOO

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