Lam Research As of September 23, 2022 ticker dps (an.) 2022 hike 2021 hike 2020 hike
LRCX $6.90 15.0% 15.4% 13.0%
Business yield Hike yrs 5 yr CAGR freq. paid since
Semiconductor Systems 1.8% N/A N/A Quarter N/A
Lam Research is known for its annual double digit dividend hikes (image: dividendhike.com)
Lam Research is known for its annual double digit dividend hikes (image: dividendhike.com)

On August 25, 2022, Lam Research Corp (LRCX) announced a dividend increase of 15 percent to $1.725 quarterly per share. This follows a 15.4 percent to $1.50 per share quarterly in 2021. The semiconductor company has now raised its dividend for 8 consecutive years since the first dividend was paid in 2014.

The next LRCX dividend of $1.725 per share will be paid on October 5, 2022 to holders of record on September 14, 2022. A new annual dividend rate of $6.90 per share yields 1.5% to Lam Research shareholders at a stock price of $453. The next ex-dividend date for LRCX stock is September 13, 2022. Based on calculations by dividendhike.com Lam Research will now pay shareholders an estimated $957 million in dividends annually.

Lam Research (LRCX) Dividend history and dividend growth statistics
Company name Lam Research Corp
Ticker symbol LRCX
Dividend paid since 2014
Track record (years increased) 8
Payment Frequency Quarterly dividend
Sector Technology
Business Semiconductors
Dividend growth: 5 year average 28.1%
Next dividend per share $1.73
Annual dividend per share $6.90
Dividend yield* 1.5%
Stock price* $453,31
YTD Total Return* -36.6%
Next ex-dividend date September 13, 2022
Next payment date October 5, 2022
Market cap (in $B)* 62.10
Total dividend (in $B) 0.95
© www.dividendhike.com *As of August 26, 2022

Lam Research Corporation is a supplier of wafer fabrication equipment and services to the semiconductor industry. The company's products are used in a variety of electronic products, including mobile phones, personal computers, servers, wearables, automotive devices, storage devices, and networking equipment.  Lam's customer base includes leading semiconductor memory, foundry, and integrated device manufacturers that make products such as non-volatile memory, DRAM memory, and logic devices. Incorporated in 1980, Lam Research is headquartered in Fremont, California. The company has a network of facilities throughout Asia, Europe, and the United States. Lam Research initiated its dividend in 2014, and has increased it annually ever since.

Dividend Calendar

Look at the complete list of upcoming events
Ex-date Ticker Yield YTD hike
Sep 30 PKG 4.4% 0.0%
Sep 30 O 4.8% 0.6%
Sep 30 STT 4.0% 10.5%
Sep 30 RJF 1.3% 0.0%
Sep 30 CAH 3.0% 1.0%
Sep 30 VTR 4.1% 0.0%
Sep 30 APD 2.8% 8.0%
Sep 30 RSG 1.3% 0.0%
Oct 03 A 0.7% 0.0%
Oct 03 DG 0.9% 31.0%