Lam Research Corporation Declares Quarterly Dividend
May 12 2017 - 04:05PM
Lam Research Corporation (Nasdaq:LRCX) today announced that its
Board of Directors has approved a quarterly dividend of $0.45 per
share of common stock. On an annualized basis, this will
return approximately $295 million to stockholders based on shares
outstanding as of March 26, 2017. The dividend payment will
be made June 28, 2017 to holders of record on June 7, 2017.
Future dividend payments are subject to review and approval
by the Board of Directors.
About Lam Research:Lam Research
Corp. (Nasdaq:LRCX) is a trusted global supplier of innovative
wafer fabrication equipment and services to the semiconductor
industry. Lam's broad portfolio of market-leading deposition,
etch, and clean solutions helps customers achieve success on the
wafer by enabling device features that are 1,000 times smaller than
a grain of sand, resulting in smaller, faster, more powerful, and
more power-efficient chips. Through collaboration, continuous
innovation, and delivering on commitments, Lam is transforming
atomic-scale engineering and enabling its customers to shape the
future of technology. Based in Fremont, Calif., Lam Research
is a Nasdaq-100 Index® and S&P 500® company whose common stock
trades on the Nasdaq Global Select Market(SM) under the symbol
LRCX. For more information, please visit
http://www.lamresearch.com. (LRCX-F)
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 of the Private Securities
Litigation Reform Act of 1995. Such forward-looking
statements relate to, but are not limited to, our plans to declare
dividends, the returns to stockholders from such planned dividends
on an annualized basis, our continued ability to help customers
achieve success on the wafer, and our continued ability to
transform atomic-scale engineering and enable our customers to
shape the future of technology. 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 pay
dividends, and other risks detailed in documents filed by us with
the Securities and Exchange Commission, including specifically our
annual report on Form 10-K for the fiscal year ended June 26, 2016,
and Form 10-Q for the quarter ended March 26, 2017. These
uncertainties and changes could cause actual results to vary from
expectations. The Company undertakes no obligation to update
the information or statements made in this press release.
Company Contact:
Satya Kumar
Investor Relations
510-572-1615
Email: investor.relations@lamresearch.com
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