MILPITAS, Calif., Oct. 5, 2016 /PRNewswire/ -- KLA-Tencor
Corporation(R) (Nasdaq: KLAC) today announced that its board of
directors has authorized an increase of the level of the company's
quarterly dividend from $0.52 to
$0.54 per share. This increase is
expected to take effect beginning with KLA-Tencor's quarterly
dividend to be declared in November
2016. This represents a four percent increase compared to
the prior quarterly dividend, and is the eighth quarterly dividend
increase since KLA-Tencor first instituted its dividend
policy in April 2005.
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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.
About KLA-Tencor:
KLA-Tencor Corporation (NASDAQ: KLAC), 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, 2016, 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