KLA Corporation (NASDAQ: KLAC) has declared a quarterly cash dividend of $1.45 per share on its common stock, payable on March 1, 2024, to shareholders of record as of February 19, 2024. The company's shares have moved 1.0%, and are now trading at a price of $614.69.
Kevin Kessel, CFA, Vice President of Investor Relations at KLA, commented on the dividend declaration, stating, "We are pleased to continue returning capital to our shareholders through our regular quarterly dividend program. This action reflects our ongoing commitment to delivering value to our shareholders while maintaining a strong financial position to support our strategic initiatives."
KLA Corporation, known for developing industry-leading equipment and services that enable innovation throughout the electronics industry, has a track record of providing advanced process control and process-enabling solutions for a wide range of electronic manufacturing applications.
The company's full 8-K submission is available here.
| 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | |
|---|---|---|---|---|---|---|
| Revenue (MM) | $876 | $4,569 | $5,806 | $6,919 | $9,212 | $10,496 |
| Revenue Growth | n/a | 421.55% | 27.09% | 19.16% | 33.14% | 13.94% |
| Net Margins | 92% | 26% | 21% | 30% | 36% | 32% |
| Net Income (MM) | $802 | $1,176 | $1,217 | $2,078 | $3,322 | $3,387 |
| Net Interest Expense (MM) | $114 | $125 | $160 | $157 | $160 | $297 |
| Depreciation & Amort. (MM) | $63 | $233 | $348 | $333 | $363 | $415 |
| Earnings Per Share | $5.1 | $7.49 | $7.7 | $13.37 | $21.92 | $24.71 |
| EPS Growth | n/a | 46.86% | 2.8% | 73.64% | 63.95% | 12.73% |
| Diluted Shares (MM) | 153 | 159 | 156 | 152 | 142 | 137 |
| Free Cash Flow (MM) | $1,162 | $1,022 | $1,626 | $1,953 | $3,005 | $3,328 |
| Capital Expenditures (MM) | $67 | $130 | $153 | $232 | $307 | $342 |
| Current Ratio | 3.03 | 2.55 | 2.59 | 2.41 | 2.34 | 2.21 |
| Total Debt (MM) | $2,238 | $3,650 | $3,461 | $3,444 | $6,114 | $5,892 |
KLA has rapidly growing revenues and increasing reinvestment in the business and exceptional EPS growth. Additionally, the company's financial statements display generally positive cash flows and an excellent current ratio of 2.21. However, the firm has High Levels of Debt. Finally, we note that KLA has decent net margins with a negative growth trend.
