KLA Corporation Announces Increase in Quarterly Dividend Level
September 5, 2023 | KLAEstimated reading time: 1 minute
![](https://iconnect007.com/application/files/4416/9086/9832/news_freeadobestock2_jul2022.jpg)
KLA Corporation is announcing an increase in the quarterly dividend level to $1.45 per share from $1.30 per share, the fourteenth consecutive annual increase in the quarterly dividend level for KLA. The declaration and payment of future dividends is subject to the Board's discretion and will depend on financial and legal requirements and other considerations. The Company is also announcing authorization from the Board of Directors to repurchase up to $2 billion of the Company's common stock. This is in addition to the existing share repurchase authorization, which had approximately $1.6 billion remaining as of Aug. 31, 2023.
Repurchases can be made using a variety of methods, which may include open market purchases, privately negotiated transactions, accelerated share repurchase programs, or otherwise, all in accordance with the requirements of the Securities and Exchange Commission and other applicable legal requirements. The specific timing, price and size of purchases will depend on prevailing stock prices, general economic and market conditions, and other considerations. The repurchase programs do not obligate the Company to acquire any particular amount of its common stock, and the repurchase programs may be suspended or discontinued at any time at the Company's discretion.
"Today's announcement is consistent with KLA's long-standing confidence in our business model focused on product differentiation, free cash flow generation, and assertive capital allocation. It also reflects optimism in our growth strategies and continued progress towards our 2026 financial targets." commented Rick Wallace, president and CEO, KLA Corporation.
Suggested Items
Q2 2024 Global Semiconductor Equipment Billings Increased 4% Year-Over-Year
09/05/2024 | SEMIGlobal semiconductor equipment billings increased 4% year-over-year to US$26.8 billion in the second quarter of 2024, while quarter-over-quarter billings edged up 1% during the same p
Global Semiconductor Sales Increase 18.7% Year-to-Year in July
09/03/2024 | SIAThe Semiconductor Industry Association (SIA) announced global semiconductor industry sales hit $51.3 billion during the month of July 2024, an increase of 18.7% compared to the July 2023 total of $43.2 billion and 2.7% more than the June 2024 total of $50.0 billion. Monthly sales are compiled by the World Semiconductor Trade Statistics (WSTS) organization and represent a three-month moving average.
Urgent Orders Boost Wafer Foundry Utilization in Q2; Global Top 10 Foundry Revenue Grows 9.6% while VIS Climbs Two Spots
09/02/2024 | TrendForceTrendForce’s latest investigations have found that the arrival of China’s 618 mid-year shopping season as well as inventory levels of consumer electronics reaching healthier levels, have prompted customers to begin restocking components, resulting in urgent orders for wafer foundries. This surge in demand has significantly improved capacity utilization rates compared to the previous quarter.
Global Flexible PCB Market Rebounds in 2024, Driven by New Device Demand and Electric Vehicles
08/16/2024 | TPCATaiwan Printed Circuit Association (TPCA) and the Industrial Technology Research Institute (ITRI) recently released the "2024 Global Flexible PCB Industry Overview and Development Trends" report. It forecasts that the global flexible PCB market will gradually recover from the downturn in 2023, with the market size (including rigid-flex PCBs, the same below) expected to reach USD 19.7 billion in 2024, representing a 7.3% year-on-year growth.
GPV's Q2 2024 Performance Hit by Global Market Conditions
08/15/2024 | GPVGPV ends the first half of 2024 with an expected decrease in sales to DKK 4.6 billion and a drop in earnings (EBITDA) to DKK 300 million. However, as the second-largest EMS company with European headquarters, GPV is having a strong pipeline in several areas in a declining global market, and a turning point for market demand is now expected in 2025.