Poway-based Cohu Inc., which makes automated testing machinery that lets semiconductor manufacturers test their finished products, reported fourth quarter net income of $2.1 million on net sales of $70.7 million. The company’s fourth quarter ended Dec. 31.
In the same quarter one year ago, Cohu reported net income of $1.9 million on net sales of $63.4 million.
For the year, Cohu reported net income of $3 million on net sales of $282.1 million. In 2015, Cohu reported net income of $250,000 on net sales of $269.7 million.
In a Feb. 16 announcement, Cohu said that its board approved a quarterly cash dividend of 6 cents per share, payable on April 14 to shareholders of record on Feb. 28. Cohu has been paying regular dividends since 1977