Lam Research (LRCX) Raises Quarterly Dividend 11.1% to $0.50; $2B Buyback

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Go back to Lam Research (LRCX) Raises Quarterly Dividend 11.1% to $0.50; $2B Buyback

Lam Research Corporation Announces $2.3 Billion Capital Return Program

November 14, 2017 5:00 PM EST

Announces $2 billion share repurchase authorization11% Increase of quarterly dividend to $0.50 from $0.45 per share

FREMONT, Calif., Nov. 14, 2017 (GLOBE NEWSWIRE) -- Lam Research Corporation (Nasdaq: LRCX) today announced that its Board of Directors has approved a $2 billion share repurchase authorization, with execution planned over the next 12 to 18 months; and a 11% increase of the companys quarterly dividend.

On an annualized basis, the quarterly dividend of $0.50 per share of common stock would return approximately $324 million to stockholders based on shares outstanding as of September 24, 2017.  The increased dividend payment has been... More