KLA Corporation (NASDAQ:KLAC) Shares Will Pay Quarterly Dividend of $0.23

KLA Corporation (NASDAQ:KLAC) declared a quarterly dividend on Thursday, November 5th. Stockholders of record on Monday, November 16th will be paid a dividend of $0.23 per share by the semiconductor company on Tuesday, December 1st. This represents a $0.92 dividend on an annualized basis and a dividend yield of 0.7%. The ex-dividend date of this dividend is Monday, November 16th.

KLA has raised its dividend payment by an average of 0.2% per year over the last three years and has raised its dividend every year for the last 16 years. KLA has a payout ratio of 2.8% indicating that its dividend is sufficiently covered by earnings. Equities analysts expect KLA to earn $7.01 per share next year, which means the company should continue to be able to cover its $0.92 annual dividend with an expected future payout ratio of 13.1%.

KLA Stock Down 13.3%

Shares of KLAC stock opened at $129.80 on Friday. KLA has a 12 month low of $107.20 and a 12 month high of $307.37. The company has a quick ratio of 1.86, a current ratio of 2.76 and a debt-to-equity ratio of 0.88. The firm has a market cap of $169.12 billion, a PE ratio of 32.45, a price-to-earnings-growth ratio of 1.22 and a beta of 1.49. The stock has a 50 day moving average of $175.74 and a 200-day moving average of $181.73.

KLA (NASDAQ:KLAC) last announced its quarterly earnings data on Wednesday, October 28th. The semiconductor company reported $1.22 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.18 by $0.04. KLA had a net margin of 36.25% and a return on equity of 89.30%. The business had revenue of $4.14 billion for the quarter, compared to the consensus estimate of $4.04 billion. During the same quarter last year, the company posted $8.47 earnings per share. KLA’s quarterly revenue was up 28.9% on a year-over-year basis. On average, equities analysts predict that KLA will post 5.73 EPS for the current year.

KLA Company Profile

KLA Corporation develops process-control and yield-management technologies used in the manufacture of semiconductors and other electronic products. Its systems help manufacturers detect defects, measure features and monitor production processes as they make increasingly complex devices.

The company’s products include inspection and metrology equipment, as well as software and related services. Its technologies support multiple stages of semiconductor production, from work on wafers and reticles to advanced packaging.