KLA Corporation (KLAC) said its board has authorized a new $7 billion share repurchase program and approved a 21% increase in its quarterly dividend.
The company raised its quarterly dividend to $2.30 per share from $1.90, marking its 17th consecutive annual increase.
The new buyback authorization is in addition to the existing repurchase program, which had $3.94 billion remaining as of December 31, 2025.
The company also reaffirmed its guidance for the March 2026 quarter.
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May 15, 2026 15:25 ET Apart from the confirmation of Kevin Warsh as the next Fed chair, the main news on the economics front this week included key price data from the U.S. and the first quarter economic growth figures from major economies. Both consumer prices and producer costs have started to reflect the effect of supply shocks due to the Middle East conflict. In Europe, GDP data was in focus, while inflation data from China dominated the news flow in Asia.