News Update: KLA-Tencor Boosts Dividend By $0.10 Per Share (KLAC)

Описание: 7/13/2010-KLA-Tencor (NASDAQ:KLAC) announced Tuesday that its board of directors approved an increase in its quarterly dividend to $0.25 per share from $0.15.

The dividend hike is expected to take effect with the declaration of the semiconductor capital equipment co's quarterly dividend in August.
Rick Wallace, president and chief executive officer of KLA-Tencor said ""KLA-Tencor's strong cash flows and solid balance sheet provide us the financial flexibility to return significant cash to our shareholders while also providing the capacity to fuel our growth initiatives, We remain committed to increasing shareholder value through executing our strategic objectives of customer focus, growth, operations excellence, and talent development,"" Wallace added. ""This increase in the level of the dividend reflects our confidence in the outlook for KLA-Tencor and our commitment to rewarding our shareholders for their continued investment."