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LRCX - Lam Research News Story

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Sector
Technology
Size
Large Cap
Market Cap £58.34bn
Enterprise Value £57.81bn
Revenue £10.66bn
Position in Universe 162nd / 7245

Lam Research Corporation Announces a 15% Increase in Quarterly Dividend

Thu 26th August, 2021 9:05pm
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FREMONT, Calif., Aug. 26, 2021 (GLOBE NEWSWIRE) -- Lam Research Corporation
(Nasdaq: LRCX) today announced that its Board of Directors has approved a
$0.20, or 15% increase in its quarterly dividend, from $1.30 to $1.50 per
share of common stock. This increase is consistent with the intent for
disciplined annual dividend growth. The dividend payment will be made
October 13, 2021 to holders of record on September 28, 2021. 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: 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; business, political and/or regulatory conditions in the
consumer electronics industry, the semiconductor industry and the overall
economy may deteriorate or change; supply chain disruptions or manufacturing
capacity constraints may limit our ability to manufacture and sell our
products; the actions of our customers and competitors may be inconsistent
with our expectations; trade regulations, export controls, trade disputes, and
other geopolitical tensions may inhibit our ability to sell our products; 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 27, 2021. 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 Ganesh
Investor Relations
(510) 572 – 1615
Email: investor.relations@lamresearch.com 

Source: Lam Research Corporation###


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GlobeNewswire, Inc. 2021
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