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)
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