SplitMay 7, 2026, 04:38 PM
KLA Corp Announces 10-for-1 Stock Split; Raises Quarterly Dividend
AI Summary
KLA Corporation announced a ten-for-one forward stock split of its outstanding common stock, effective after the close of the Nasdaq Global Select Market on June 11, 2026. This action will also increase the number of authorized shares from 500 million to 5 billion, aiming to enhance share accessibility and liquidity. Additionally, the Board declared a quarterly cash dividend of $2.30 per share, payable on June 2, 2026, to stockholders of record on May 18, 2026, which represents a 21% increase.
Key Highlights
- KLA Corporation's Board approved a ten-for-one forward stock split of its common stock.
- The stock split is expected to become effective after market close on June 11, 2026.
- Trading on a split-adjusted basis is expected to commence at market open on June 12, 2026.
- The number of authorized shares will increase from 500,000,000 to 5,000,000,000.
- The Board declared a cash dividend of $2.30 per share, representing a 21% increase.
- The dividend is payable on June 2, 2026, to stockholders of record as of May 18, 2026.
- The dividend to be declared in August 2026 is expected to be $0.23 per share, post-split.