EX-Dividend Schedule: KLA-Tencor Boosted its Dividend by Whopping 27%; Will Trade Ex-Dividend on May 14, 2018

LONDON, UK / ACCESSWIRE / May 11, 2018 / Active-Investors has a free review on KLA-Tencor Corp. (NASDAQ: KLAC) following the Company’s announcement that it will begin trading ex-dividend on May 14, 2018. To capture the dividend payout, investors must purchase the stock a day prior to the ex-dividend date (excluding weekend) that is by latest at the end of the trading session on May 11, 2018. Active-Investors has initiated due-diligence on this dividend stock. Register with us for more free research including the one on KLAC:

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Dividend Declared

On April 25, 2018, KLA-Tencor announced that it will increase its quarterly cash dividend by 27% from $0.59 per share to $0.75 per share. The dividend on the common stock is payable on June 01, 2018, to KLA-Tencor’s stockholders of record as of the close of business on May 15, 2018.

KLA-Tencor’s indicated dividend represents a yield of 2.81%, which is more than double compared to the average dividend yield of 1.09% for the Technology sector. This is the 10th increase in the quarterly dividend since KLA-Tencor first instituted a dividend in 2005. Since inception, the Company’s annualized quarterly dividend level has grown approximately 15%.

Dividend Insight

KLA-Tencor has a dividend payout ratio of 37.8%, which means that the Company spends approximately $0.38 for dividend distribution out of every $1.00 earned. The dividend payout ratio reflects how much amount a company is returning to shareholders versus how much money it is keeping on hand to reinvest in growth, to pay off debt, and/or to add to its cash reserves.

According to analysts’ estimates, KLA-Tencor is forecasted to report earnings of $8.75 per share for the next year, which is more than double compared to the Company’s annualized dividend of $3.00 per share.

As of March 31, 2108, KLA-Tencor’s cash and cash equivalents totaled $2.89 billion, as compared to $3.02 billion as on June 30, 2017. For the three months ended March 31, 2018, the Company’s net cash provided by operating activities totaled $352.61 million compared to $224.84 million. The Company’s balance sheet remains strong and is well positioned over the long-term to sustain its dividend distribution.

Earnings Announcement

On April 26, 2018, KLA-Tencor announced operating results for its third quarter of fiscal year 2018, which ended on March 31, 2018, and reported GAAP net income of $307 million and GAAP earnings per diluted share of $1.95 on revenues of $1.02 billion. This compares to GAAP net income of $254 million and GAAP earnings of $1.61 per diluted share on revenues of $914 million.

For Q3 FY18, on a non-GAAP basis, KLA-Tencor recorded earnings of $318 million, or $2.02 per diluted share, compared to $256 million, or $.162 per diluted share, for Q3 FY17.

About KLA-Tencor Corp.

KLA-Tencor, 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 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 more than 40 years.

Stock Performance Snapshot

May 10, 2018 – At Thursday’s closing bell, KLA-Tencor’s stock advanced 1.73%, ending the trading session at $111.06.

Volume traded for the day: 699.32 thousand shares.

Stock performance in the last month – up 4.14%; previous three-month period – up 12.71%; past twelve-month period – up 10.22%; and year-to-date – up 5.70%

After yesterday’s close, KLA-Tencor’s market cap was at $17.35 billion.

Price to Earnings (P/E) ratio was at 10.94.

The stock has a dividend yield of 2.70%.

The stock is part of the Technology sector, categorized under the Semiconductor Equipment & Materials industry. This sector was up 1.2% at the end of the session.

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