By Stephen Nakrosis
KLA said its board approved an increase to the company's quarterly common dividend and added $5 billion to its existing share repurchase authorization.
The new quarterly dividend of $1.90, or $7.60 on an annual basis, represents a yield of about 1%, based on the company's closing share price of $702.69 on Wednesday.
KLA, which provides process control and yield management solutions to the semiconductor and other industries, last raised its quarterly dividend to $1.70 from $1.45 in September 2024.
The company's board also authorized the repurchase of up to $5 billion of the company's common stock, in addition to an existing share repurchase authorization which has about $457 million remaining as of March 31.
KLA has a market cap of $91.42 billion, 132.89 million shares outstanding, and a public float of 132.66 million shares.
Write to Stephen Nakrosis at stephen.nakrosis@wsj.com
(END) Dow Jones Newswires
April 30, 2025 18:38 ET (22:38 GMT)
Copyright (c) 2025 Dow Jones & Company, Inc.
免责声明：投资有风险，本文并非投资建议，以上内容不应被视为任何金融产品的购买或出售要约、建议或邀请，作者或其他用户的任何相关讨论、评论或帖子也不应被视为此类内容。本文仅供一般参考，不考虑您的个人投资目标、财务状况或需求。TTM对信息的准确性和完整性不承担任何责任或保证，投资者应自行研究并在投资前寻求专业建议。