Lam Research (LRCX) Raises Quarterly Dividend 13% to $1.30; 1.5% Yield

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Go back to Lam Research (LRCX) Raises Quarterly Dividend 13% to $1.30; 1.5% Yield

Lam Research Corporation Announces a 13% Increase in Quarterly Dividend

August 27, 2020 4:05 PM EDT

FREMONT, Calif., Aug. 27, 2020 (GLOBE NEWSWIRE) -- Lam Research Corporation (Nasdaq: LRCX) today announced that its Board of Directors has approved a $0.15 or 13% increase in its quarterly dividend from $1.15 to $1.30 per share of common stock. This increase is consistent with the intent for disciplined annual dividend growth. The dividend payment will be made October 14, 2020 to holders of record on September 30, 2020.  Future dividend payments are subject to review and approval by the Board of Directors.

About Lam Research:

Lam Research Corporation is a global supplier of innovative wafer fabrication equipment... More