KLA Corporation (NASDAQ:KLAC) Announces Quarterly Dividend of $0.23

KLA Corporation (NASDAQ:KLAC) announced a quarterly dividend on Thursday, November 5th. Shareholders of record on Monday, November 16th will be paid a dividend of $0.23 per share by the semiconductor company on Tuesday, December 1st. This represents a $0.92 annualized dividend and a yield of 0.7%. The ex-dividend date is Monday, November 16th.

KLA has increased its dividend payment by an average of 0.2% per year over the last three years and has raised its dividend every year for the last 16 years. KLA has a dividend payout ratio of 2.8% indicating that its dividend is sufficiently covered by earnings. Research analysts expect KLA to earn $7.01 per share next year, which means the company should continue to be able to cover its $0.92 annual dividend with an expected future payout ratio of 13.1%.

KLA Stock Performance

KLAC stock opened at $129.80 on Friday. The company has a 50-day simple moving average of $175.74 and a 200 day simple moving average of $181.73. The company has a market capitalization of $169.12 billion, a P/E ratio of 32.45, a PEG ratio of 1.22 and a beta of 1.49. KLA has a fifty-two week low of $107.20 and a fifty-two week high of $307.37. The company has a quick ratio of 1.86, a current ratio of 2.76 and a debt-to-equity ratio of 0.88.

KLA (NASDAQ:KLAC) last posted its quarterly earnings data on Wednesday, October 28th. The semiconductor company reported $1.22 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.18 by $0.04. KLA had a net margin of 36.25% and a return on equity of 89.30%. The business had revenue of $4.14 billion during the quarter, compared to analysts’ expectations of $4.04 billion. During the same period last year, the firm posted $8.47 earnings per share. The business’s revenue was up 28.9% on a year-over-year basis. Sell-side analysts predict that KLA will post 5.73 earnings per share for the current fiscal year.

KLA Company Profile

KLA Corporation develops process-control and yield-management technologies used in the manufacture of semiconductors and other electronic products. Its systems help manufacturers detect defects, measure features and monitor production processes as they make increasingly complex devices.

The company’s products include inspection and metrology equipment, as well as software and related services. Its technologies support multiple stages of semiconductor production, from work on wafers and reticles to advanced packaging.