MILPITAS, Calif., July 14, 2015 /PRNewswire/ -- KLA-Tencor
Corporation (NASDAQ: KLAC), the world's leading supplier of process
control and yield management solutions for the semiconductor and
related nanoelectronics industries, today announced that its board
of directors has authorized an increase in the level of the
company's quarterly dividend from $0.50 to $0.52 per
share. This increase is expected to take effect beginning
with KLA-Tencor's quarterly dividend to be declared in
August 2015. This represents a four
percent increase compared to the prior quarterly dividend, and is
the seventh quarterly dividend increase
since KLA-Tencor first instituted its dividend policy
in April 2005. In addition to its regular quarterly
dividend, KLA-Tencor also paid a special dividend of $16.50 per share in December of 2014.
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"Today's dividend increase reflects the continued strength and
sustainability of KLA-Tencor's cash flow, our confidence in our
business model, and our commitment to enhancing stockholder value,"
said Rick Wallace, president and chief executive officer
of KLA-Tencor.
This announcement and other news
regarding KLA-Tencor will be discussed later today,
July 14, at the company's annual SEMICON West analyst briefing
at the W San Francisco Hotel, with a live webcast beginning at
12:30 p.m. PDT. The live webcast can
be accessed through the Investor Relations webpage of
the KLA-Tencor website at http://ir.kla-tencor.com/, and a
replay of the webcast will remain available on KLA-Tencor's
Investor Relations webpage for 90 days following the webcast.
About KLA-Tencor:
KLA-Tencor Corporation, a leading provider of process control and
yield management solutions, partners with customers around the
world to develop state-of-the-art inspection and metrology
technologies. These technologies serve the semiconductor, LED, and
other related nanoelectronics industries. With a portfolio of
industry standard products and a team of world-class engineers and
scientists, the company has created superior solutions for its
customers for nearly 40 years. Headquartered in Milpitas, Calif., KLA-Tencor has dedicated
customer operations and service centers around the world.
Additional information may be found at www.kla-tencor.com.
(KLAC-F)
Forward Looking Statements:
Statements in this press
release other than historical facts, such as statements regarding
the expected future level of KLA-Tencor's quarterly dividend, the
timing of the expected increase in the level of the company's
quarterly dividend to take effect, the company's commitment to
continue paying dividends at any level in the future, and the
company's future cash flow and confidence in its business model and
the company's commitment to enhancing stockholder value, are
forward-looking statements, and are subject to the Safe Harbor
provisions created by the Private Securities Litigation Reform Act
of 1995. These forward-looking statements are based on current
information and expectations, and involve a number of risks and
uncertainties. Actual future results and/or events may differ
materially from those projected in such statements due to various
factors, including but not limited to: a change in KLA-Tencor's
dividend policy by the company's board of directors (which has the
ability in its sole discretion to increase, decrease or eliminate
entirely the company's dividend at any time); unanticipated
material payment obligations incurred by KLA-Tencor that decrease
the company's willingness or ability to continue paying dividends
at the anticipated increased level and timing, or at all; the
demand for semiconductors; the financial condition of the global
capital markets and the general macroeconomic environment; new and
enhanced product and technology offerings by competitors;
cancellation of orders by customers; the ability of KLA-Tencor's
research and development teams to successfully innovate and develop
technologies and products that are responsive to customer demands;
KLA-Tencor's ability to successfully manage its costs; market
acceptance of KLA-Tencor's existing and newly issued products;
changing customer demands or technological requirements; and
industry transitions. For other factors that may cause actual
results to differ materially from those projected and anticipated
in forward-looking statements in this release, please refer to
KLA-Tencor's Annual Report on Form 10‑K for the year ended
June 30, 2014, subsequently filed
Quarterly Reports on Form 10-Q and other filings with the
Securities and Exchange Commission (including, but not limited to,
the risk factors described therein). KLA-Tencor assumes no
obligation to, and does not currently intend to, update these
forward-looking statements.
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SOURCE KLA-Tencor Corporation