KLA-Tencor Boosts Quarterly Dividend 4%

(RTTNews) - Chip-gear maker KLA-Tencor Corp. (KLAC) said Tuesday that its board of directors has authorized an increase in the company's quarterly dividend rate from $0.50 to $0.52 per share.

The increase is expected to take effect beginning with KLA-Tencor's quarterly dividend to be declared in August.

This represents a 4% increase compared to the prior quarterly dividend, and is the seventh quarterly dividend increase since KLA-Tencor first instituted its dividend policy in April 2005. In addition to its regular quarterly dividend, KLA-Tencor also paid a special dividend of $16.50 per share in December of 2014.