29.04.2014 23:22:00

Lam Research Corp. -- Moody's says Lam Research's Baa1 debt rating unaffected by dividend initiation

New York, April 29, 2014 -- Moody's Investors Service said Lam Research's (Lam) Baa1 senior unsecured credit rating and stable outlook are unaffected by today's announcement that Lam's board initiated a common dividend. Based on the shares outstanding at the end of the first quarter, the new dividend represents $117 million of annual dividend payments.

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