KLA-Tencor declared it will pay a quarterly cash dividend of $0.40 per share on June 3 to shareholders of record at the close of business on May 13.
That rate is the same that the semiconductor specialist paid in the current fiscal year. It's raised its dividend each year for the past three fiscal years. Prior to that, it had been a fairly consistent dividend of $0.15 per share, and over the last nine years, it has ranged from $0.09 to its current level of $0.40 per share.
The new dividend annualizes to $1.60 per share, and yields 3.1% at the closing price of KLA-Tencor's stock on May 2.
The article Steady as She Goes on KLA-Tencor's Q4 Dividend originally appeared on Fool.com.
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