Lam Research Corporation Declares Quarterly Dividend
May 17 2018 - 4:05PM
Lam Research Corporation (Nasdaq:LRCX) today announced that its
Board of Directors has approved a quarterly dividend of $1.10 per
share of common stock. On an annualized basis, this will
return approximately $722 million to stockholders based on shares
outstanding as of March 25, 2018. The dividend payment will be made
June 27, 2018 to holders of record on June 6, 2018. Future
dividend payments are subject to review and approval by the Board
of Directors.
About Lam Research:
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. Lam Research (Nasdaq:LRCX) is a FORTUNE 500®
company headquartered in Fremont, Calif., with operations around
the globe. Learn more at 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 engineering capabilities, our technology leadership, our
commitment to customer success, and our continued ability to
accelerate innovation and enhance device performance. 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 25, 2017 and quarterly reports on Form 10-Q
for the fiscal quarter ended March 25, 2018. 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 Contacts:Satya Kumar Investor
Relations(510) 572 – 1615Email:
investor.relations@lamresearch.com
Source: Lam Research Corporation
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