Lam Research Corporation's Board of Directors approved a 27% increase to its quarterly dividend.
The payout rises from $0.26 to $0.33 per share.
Shareholders of record on September 23, 2026, will receive payment on October 14, 2026.
This increase marks the 10th consecutive year the company has raised its dividend.
The new annualized dividend provides a yield of approximately 0.4%.
Analysts expect future earnings to comfortably cover these payments.