Lam Research (LRCX) Raises Quarterly Dividend 66.7% to $0.30; 1.5% Yield
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Lam Research Corporation Increases Quarterly Dividend to $0.30 per Share
May 18, 2015 4:05 PM EDTFREMONT, CA -- (Marketwired) -- 05/18/15 -- Lam Research Corporation (NASDAQ: LRCX) today announced that its Board of Directors has approved an increase in its quarterly dividend to $0.30 per share of common stock, a $0.12 per share or 67% increase. The dividend payment will be made July 1, 2015 to holders of record on June 10, 2015. Future dividend payments are subject to review and approval by the Board of Directors.
"Today's dividend announcement reflects management's confidence in Lam Research's sustained market outperformance and strong cash flow generation," said Martin Anstice, President and Chief Executive Officer. "This meaningful increase in... More
