Lam Research Corporation Declares Quarterly Dividend

Rhea-AI Summary

On February 9, 2023, Lam Research Corporation (Nasdaq: LRCX) announced a quarterly dividend of $1.725 per share, payable on April 5, 2023 to shareholders of record as of March 15, 2023. The Board of Directors will review future dividend payments for approval. Lam Research is a major supplier of wafer fabrication equipment and services for the semiconductor industry, ensuring that nearly every advanced chip incorporates their technology. The company operates globally and remains committed to its customers while navigating industry challenges.

Positive

• Quarterly dividend declared at $1.725 per share.
• Dividend payment date set for April 5, 2023, indicating ongoing shareholder returns.

Negative

• Potential volatility in future dividends based on Board review.
• Supply chain disruptions and global geopolitical tensions may impact operations.

FREMONT, Calif., Feb. 9, 2023 /PRNewswire/ -- Lam Research Corporation (Nasdaq: LRCX) today announced that its Board of Directors has approved a quarterly dividend of $1.725 per share of common stock. The dividend payment will be made on April 5, 2023 to holders of record on March 15, 2023. 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: 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; supply chain cost increases and other inflationary pressures have impacted and are expected to continue to impact our profitability; supply chain disruptions have limited and are expected to continue to limit our ability to meet demand for our products; 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 and quarterly report on Form 10-Q for the quarter ended December 25, 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 Ganesh
Investor Relations
(510) 572-1615
Email: investor.relations@lamresearch.com
Source: Lam Research Corporation###

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SOURCE Lam Research Corporation

FAQ

What is the dividend amount declared by Lam Research (LRCX) in February 2023?

Lam Research declared a quarterly dividend of $1.725 per share.

When will the dividend for LRCX be paid?

The dividend will be paid on April 5, 2023.

What is the record date for the LRCX dividend?

The record date for the dividend payment is March 15, 2023.

Are future dividends guaranteed for Lam Research (LRCX)?

Future dividends are subject to review and approval by the Board of Directors.