- Announces $2 billion share repurchase authorization
- 11% Increase of quarterly dividend to $0.50 from $0.45 per share
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
Also, the company is authorized to repurchase up to an additional $2 billion of common stock; this authorization supplements the remaining balances from any prior authorizations. Repurchases may be made through both public market and private transactions, and may include the use of derivative contracts and structured share repurchase agreements. The share repurchase program may be suspended or discontinued at any time.
"Our $2 billion share repurchase authorization and 11% growth in the quarterly dividend reflect the company's outstanding performance, strong cash flow generation and our conviction in the exciting opportunities ahead for Lam," stated
Caution Regarding Forward-Looking Statements:
Statements made in this press release that are not of historical fact are forward-looking statements and are subject to the safe harbor provisions created by the Private Securities Litigation Reform Act of 1995. Such forward-looking statements relate to, but are not limited to: our plans and commitment to invest in sustainable growth, to augment returns and to execute a capital return program, including the share repurchase program, current and future quarterly dividends, and annualized return; and our financial performance, cash generation capability and business opportunities. These forward-looking statements are based on current expectations and are subject to uncertainties and changes in condition, significance, value and effect, our continued financial health and ability to make share repurchases and pay dividends, as well as the other risks and uncertainties that are described in the documents filed or furnished by us with the
About
Lam Research Corp. is a global supplier of innovative wafer fabrication equipment and services to the semiconductor industry. As a trusted, collaborative partner to the world's leading semiconductor companies, we combine superior systems engineering capability, technology leadership, and unwavering commitment to customer success to accelerate innovation through enhanced device performance. In fact, today, nearly every advanced chip is built with Lam technology.
Company Contacts:
Investor Relations
(510) 572 - 1615
Email: investor.relations@lamresearch.com
Source: Lam Research Corporation
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