GMI Tech Reduces Dividend Amid Earnings Growth

GMI Technology's Dividend Adjustments

GMI Technology Inc. (TWSE:3312) has announced a reduction in its dividend payment, decreasing from previous levels to NT$1.20 per share. This adjustment brings the dividend yield to 1.6%, a figure that might seem low when compared to other industry players. However, it's crucial for investors to consider the recent 68% surge in GMI Technology's stock price over the past three months, which can indeed overshadow the reduced dividend yield.