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MILPITAS, Calif. - KLA Corporation (NASDAQ:KLAC) announced Thursday that its Board of Directors has declared a quarterly cash dividend of $1.90 per share on its common stock. This continues the company's strong dividend track record, having raised its dividend for 9 consecutive years with impressive 31.03% dividend growth over the last twelve months, according to InvestingPro data.
The dividend will be payable on Dec. 2, 2025, to shareholders of record as of the close of business on Nov. 17, 2025, according to a company press release.
KLA Corporation develops equipment and services for the electronics industry, providing process control and process-enabling solutions for manufacturing wafers, reticles, integrated circuits, packaging, and printed circuit boards.
The company, headquartered in Milpitas, California, collaborates with customers globally to design solutions for the electronics manufacturing sector.
In other recent news, KLA Corporation reported impressive financial results for its first fiscal quarter of 2026. The company exceeded analysts' expectations by posting earnings per share of $8.81, surpassing the anticipated $8.60. Additionally, KLA reported revenue of $3.21 billion, which was higher than the projected $3.17 billion. These results contributed to a positive outlook for the company, as reflected in the increased stock price targets by analysts. TD Cowen raised its price target for KLA from $900 to $1,300, citing the company's strong performance and potential to outperform wafer fabrication equipment growth. Similarly, Stifel increased its price target from $1,050 to $1,260, maintaining a Buy rating based on KLA's better-than-expected earnings and optimistic guidance for the December quarter. These developments highlight KLA's robust financial health and positive growth prospects.
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