Lam Research Corporation Announces a 15% Increase in Quarterly Dividend
26 August 2022 - 6:05AM
Lam Research Corporation (Nasdaq: LRCX) today announced that its
Board of Directors has approved a $0.225, or 15%, increase in its
quarterly dividend, from $1.50 to $1.725 per share of common stock.
This increase is consistent with the intent for disciplined annual
dividend growth. The dividend payment will be made October 5,
2022 to holders of record on September 14, 2022. Future
dividend payments are subject to review and approval by the Board
of Directors.
About Lam Research:
Lam Research Corporation is a global supplier of innovative
wafer fabrication equipment and services to the semiconductor
industry. Lam’s equipment and services allow customers to build
smaller and better performing devices. In fact, today, nearly every
advanced chip is built with Lam technology. We combine superior
systems engineering, technology leadership, and a strong
values-based culture, with an unwavering commitment to our
customers. 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 make dividend payments or declare
dividends. Some factors that may affect these forward-looking
statements include: supply chain disruptions have limited and are
expected to limit our ability to meet demand for our products;
supply chain cost increases and other inflationary pressures have
impacted and are expected to continue to impact our profitability;
manufacturing capacity constraints may limit our ability to
manufacture and sell our products; trade regulations, export
controls, trade disputes, and other geopolitical tensions may
inhibit our ability to sell our products; business, political
and/or regulatory conditions in the consumer electronics industry,
the semiconductor industry and the overall economy may deteriorate
or change; the actions of our customers and competitors may be
inconsistent with our expectations; the severity, magnitude and
duration of the COVID-19 pandemic (and the related governmental,
public health, business and community responses to it), and their
impacts on our business, results of operations and financial
condition, are evolving and are highly uncertain and unpredictable;
and widespread outbreaks of illness may impact our operations and
revenue in affected areas; as well as the other risks and
uncertainties that are described in the documents filed or
furnished by us with the Securities and Exchange Commission,
including specifically the Risk Factors described in our annual
report on Form 10-K for the fiscal year ended June 26, 2022. These
uncertainties and changes could materially affect the
forward-looking statements and cause actual results to vary from
expectations in a material way. The Company undertakes no
obligation to update the information or statements made in this
press release.
Company Contacts:Ram GaneshInvestor
Relations(510) 572-1615Email:
investor.relations@lamresearch.comSource: Lam Research
Corporation###
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