KLA Corporation announced a 17% increase in its quarterly dividend from $1.45 to $1.70 per share, marking its fifteenth consecutive annual dividend increase. The new dividend level will take effect with the quarterly dividend expected to be declared in November 2024.The dividend increase reflects KLA's commitment to shareholder value creation through the KLA Operating Model, focusing on product differentiation, growing profitability, and free cash flow generation. CEO Rick Wallace confirmed the company remains on track to achieve its 2026 financial targets.The declaration and payment of future dividends will be subject to the Board's discretion, depending on financial and legal requirements and other considerations. This move demonstrates KLA's continued financial strength and confidence in its business model despite various market challenges.

KLA Corporation announced a 17% increase in its quarterly dividend from $1.45 to $1.70 per share, marking its fifteenth consecutive annual dividend increase. The new dividend level will take effect with the quarterly dividend expected to be declared in November 2024.The dividend increase reflects KLA's commitment to shareholder value creation through the KLA Operating Model, focusing on product differentiation, growing profitability, and free cash flow generation. CEO Rick Wallace confirmed the company remains on track to achieve its 2026 financial targets.The declaration and payment of future dividends will be subject to the Board's discretion, depending on financial and legal requirements and other considerations. This move demonstrates KLA's continued financial strength and confidence in its business model despite various market challenges.