KLA-Tencor Raises Dividend

KLA-Tencor is devoting more capital to shareholder payouts. The company has declared a quarterly common stock dividend of $0.45 per share for its Q1 2014, to be paid on Sept. 3 to shareholders of record as of Aug. 16. That amount is $0.05, or 12.5%, higher than the $0.40 KLA-Tencor paid in each of the preceding four quarters. Before that, it dispensed $0.35 per share.

The company has raised its dividend every year starting from 2010. Since that time, that payout has climbed steeply from $0.15 to the current level.

The new dividend annualizes to $1.80 per share. That yields 3.1% at KLA-Tencor's most recent closing stock price of $58.37.

The article KLA-Tencor Raises Dividend originally appeared on Fool.com.

Fool contributor Eric Volkman has no position in KLA-Tencor. Nor does The Motley Fool. Try any of our Foolish newsletter services free for 30 days. We Fools don't all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.

Copyright © 1995 - 2013 The Motley Fool, LLC. All rights reserved. The Motley Fool has a disclosure policy.

Read Full Story

Can't get enough business news?

Sign up for Finance Report by AOL and get everything from retailer news to the latest IPOs delivered directly to your inbox daily!

Subscribe to our other newsletters

Emails may offer personalized content or ads. Learn more. You may unsubscribe any time.