Lam Research announces $5B share repurchase authorization and $1.50 quarterly dividend

LAM RESEARCH CORP

Board approved $5 billion common stock repurchase program with no termination date.
Quarterly dividend of $1.50 per share declared, payable July 6, 2022 to holders of record June 15, 2022.
Repurchase supplements remaining balances from prior authorizations; may use derivative contracts.
Share repurchase program may be suspended or discontinued at any time at company's discretion.

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