Lam Research Corporation Announces Increase In Quarterly Dividend From $1.725 To $2.00 Per Share Of Common Stock
Portfolio Pulse from Happy Mohamed
Lam Research Corporation (NASDAQ:LRCX) has announced a 16% increase in its quarterly dividend, from $1.725 to $2.00 per share of common stock. The dividend payment will be made on October 4, 2023, to holders of record on September 13, 2023.
August 24, 2023 | 1:16 pm
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Lam Research Corporation has increased its quarterly dividend by 16%, which may attract income-focused investors and potentially boost the stock price in the short term.
Dividend increases are generally seen as a positive signal by the market, indicating a company's confidence in its future earnings. This could attract income-focused investors, leading to increased demand for the stock and potentially a rise in the stock price.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 100