Lam Research Corporation Announces $10 Billion Share Repurchase Authorization and a 10-for-1 Stock Split
LRCXLam Research(LRCX) Prnewswire·2024-05-21 19:05

FREMONT, Calif., May 21, 2024 /PRNewswire/ -- Lam Research Corporation (Nasdaq: LRCX) today announced that its Board of Directors approved a $10 billion share repurchase authorization and a forward split of its outstanding shares of common stock at a ratio of 10:1."The share repurchase authorization announced today will execute over an indeterminate period of time and is consistent with our plan to return 75% to 100% of free cash flow to stockholders in the form of dividends and share buybacks," said Doug B ...