Lam Research Corp (LRCX) Initiates, Declares $0.18 Quarterly Dividend; 1.3% Yield

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Go back to Lam Research Corp (LRCX) Initiates, Declares $0.18 Quarterly Dividend; 1.3% Yield

Lam Research Corp (LRCX) Initiates First Ever Dividend, $850M Share Repurchase

April 30, 2014 6:30 AM EDT

Lam Research Corp (NASDAQ: LRCX) is flat in pre-open trade despite announcing a $1 billion capital return plan after the close. The company announced its first ever quarterly dividend and an $850 million share repurchase authorization with execution currently planned over the next two year timeframe.

The company plans to declare a quarterly dividend of $0.18 per... More