KLA Corp. announced an increase in the quarterly dividend level to $1.45 per share from $1.30 per share, the fourteenth consecutive annual increase in the quarterly dividend level for KLA. The declaration and payment of future dividends is subject to the board’s discretion and will depend on financial and legal requirements and other considerations. The company is also announcing authorization from the board of directors to repurchase up to $2B of the company’s common stock. This is in addition to the existing share repurchase authorization, which had approximately $1.6B remaining as of Aug. 31, 2023.
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