ATLAS News · Companies
Lam Research's board approved a $25 billion buyback and declared a $0.33 quarterly dividend, according to ad-hoc-news.de, MarketBeat and StreetInsider.
Lam Research (NASDAQ:LRCX) announced a new capital-return step as its board approved a buyback of $25 billion, according to ad-hoc-news.de and StreetInsider. The company also declared a quarterly dividend, MarketBeat reports.
MarketBeat says the dividend is $0.33 per share, payable on January 6th to stockholders of record on December 2nd. The outlet notes this equals $1.32 on an annualized basis, a yield of 0.7%, and that the ex-dividend date is also December 2nd.
Benzinga, StreetInsider, MarketBeat and TIKR.com reported that the shares moved sharply higher after the news. TIKR.com links the 9% rise to the buyback and describes it as a rebound for chip stocks after a rout.
Share buybacks and dividends are two common ways companies return capital to shareholders.
The announcements show how Lam Research, a semiconductor company, plans to return capital, which investors often follow when assessing a company.
Price changes are shown for the trading day of the story and are a coincidence in time, not proof that the news caused them. Figures are ATLAS data from our database.
Technology · NASDAQ
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