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Lam Research raises quarterly dividend 27% amid AI-driven sales surge
Lam’s next dividend is payable Oct. 14, with the record date of Sept. 23, after the chipmaker guided to $8.1 billion in midpoint next-quarter revenue.
Dividend investors got three new payout updates across different sectors, including semiconductor equipment maker Lam Research, according to MarketBeat Ratings. Lam’s latest quarter showed sales growth of 30% year over year.
Lam also issued next-quarter midpoint revenue guidance of $8.1 billion, which implies roughly 52% year over year growth. The outlet attributed the momentum to AI buildout demand for Lam’s etch and deposition machines, especially in the hyper-growth memory market.
Alongside the stronger outlook, Lam increased its quarterly dividend by 27%. The payment rises to 33 cents per share, and the next dividend is payable Oct. 14 to shareholders of record as of the Sept. 23 close.
MarketBeat Ratings also noted Lam’s forward dividend yield remains around 0.4%, and that its payout ratio is 18%, signaling dividend sustainability. The story context also referenced shares being up more than 60% on the year.