KLA Corp Boosts Quarterly Dividend Level to $1.45/Share from $1.30 and $2B Hike in Total Share Buyback
Portfolio Pulse from Benzinga Newsdesk
KLA Corporation has announced an increase in its quarterly dividend level from $1.30 to $1.45 per share, marking the fourteenth consecutive annual increase. The company's Board of Directors has also authorized a repurchase of up to $2 billion of the company's common stock.
September 05, 2023 | 10:12 am
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POSITIVE IMPACT
KLA Corporation's increase in dividend and share buyback authorization could potentially attract investors, leading to a positive impact on the stock price in the short term.
Dividend increases and share buybacks are generally seen as positive signals by the market, as they indicate a company's confidence in its financial health. This could attract more investors to the stock, potentially driving up the price in the short term.
CONFIDENCE 85
IMPORTANCE 80
RELEVANCE 100