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 story : Kla Corp. unveils billion share buyback program and 24% increase in quarterly dividend #FinanceUSA #StockMarketNEWS Kla Corp. announced a new program of shareholder returns on Thursday and reaffirmed

@stockMarketNEWS 17 Days ago

Posted in: #FinanceUSA #StockMarketNEWS

Kla Corp. unveils billion share buyback program and 24% increase in quarterly dividend #FinanceUSA #StockMarketNEWS
Kla Corp. announced a new program of shareholder returns on Thursday and reaffirmed guidance in a statement released ahead of an investor day. The Milpitas, Calif-based chip maker said its board has approved a new billion share buyback program, that includes a roughly billion accelerated share repurchase to be completed in the next three to six months. The board further approved a 24% increase in the company's quarterly dividend to .30 a share from .05 previously. Kla backed its June quarter guidance and still expects adjusted EPS of .93 to .03 and revenue of .3 billion to .55 billion. The FactSet consensus is for EPS of .50 and revenue of .43 billion. Shares fell 1.3% premarket and are down 23% in the year to date, while the S&P 500 has fallen 20%.


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