Stifel Reiterates Buy Rating on KLA Corporation (KLAC) Following Analyst Day
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KLA Corporation Hosts Investor Day; Announces $6 Billion Share Repurchase Program and 24% Increase to Quarterly Dividend; Affirms June 2022 Guidance
June 16, 2022 6:00 AM EDTAnnounces new $6 billion Share Repurchase Authorization, including approximately $3 billion Accelerated Share Repurchase (ASR) to be completed over the next 3-6 months, with the remaining amount to be repurchased over the next 12-18 months, subject to market conditions.Announces a 24% increase in the quarterly dividend level to $1.30 per share from $1.05, the 13th consecutive annual dividend increase for KLA. Since inception in 2006, KLA has grown the quarterly dividend level at an approximately 15% compounded annual growth rate.Affirms current June 2022 quarter guidance, including revenue of $2.3 billion to $2.55 billion, and non-GAAP diluted earnings per share attributable to KLA of... More
