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7/10/2012 8:34 AM ET

KLA-Tencor Corp.'s (KLAC: Quote) board has approved an increase in its quarterly dividend from $0.35 to $0.40 per share, which is expected to take effect beginning with KLA-Tencor's quarterly dividend to be declared in August 2012. This represents a 14 percent increase compared to the prior quarterly dividend and is the fourth dividend increase since KLA-Tencor first instituted its dividend in April 2005.

Rick Wallace, president and chief executive of KLA-Tencor stated, "This increase in the level of the dividend reflects management's confidence in our long-term strategies, as well as our commitment to rewarding stockholders for their investments in KLA-Tencor."

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