That rate is the same that the semiconductor specialist paid in the current fiscal year. It's raised its dividend each year for the past three fiscal years. Prior to that, it had been a fairly consistent dividend of $0.15 per share, and over the last nine years, it has ranged from $0.09 to its current level of $0.40 per share.
The new dividend annualizes to $1.60 per share, and yields 3.1% at the closing price of KLA-Tencor's stock on May 2.
Fool contributor Rich Duprey has no position in any stocks mentioned. The Motley Fool has no position in any of the stocks mentioned. Try any of our Foolish newsletter services free for 30 days. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.
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