Buybacks & Dividends$LRCX
Lam Research adds $25 billion buyback; shares rise 8.2% from close
Lam Research approved a $25 billion share repurchase authorization and a quarterly dividend of 33 cents per share. Shares rose 8.2% at 3:59 p.m. ET, from a $185.20 close.
Key takeaways
- Lam Research (LRCX) said its board approved a $25 billion share repurchase authorization and a quarterly dividend of 33 cents per share, payable Jan. 6, 2027 to holders of record on Dec. 2, 2026. Shares rose 8.2% at 3:59 p.m. ET.
Lam Research (LRCX) approved a $25 billion share repurchase authorization and a quarterly dividend of 33 cents per share.
Shares rose 8.2% at 3:59 p.m. ET, from a $185.20 close.
Executive Vice President and Chief Financial Officer Doug Bettinger said the authorization "reinforces our capital allocation plan and commitment to return significant value to stockholders through dividends and share repurchases."
The dividend will be paid on Jan. 6, 2027, to holders of record on Dec. 2, 2026.