March 6, 2018 / 5:06 PM / 5 months ago

BRIEF-Lam Research Corporation Announces Capital Return Program

March 6 (Reuters) - Lam Research Corp:

* LAM RESEARCH CORPORATION ANNOUNCES CAPITAL RETURN PROGRAM

* LAM RESEARCH CORP - PLAN TO RETURN AT LEAST 50% OF FREE CASH FLOW TO STOCKHOLDERS OVER NEXT FIVE YEARS

* LAM RESEARCH CORP - ‍INCREASE QUARTERLY DIVIDEND 120% TO $1.10/SHARE, WITH A BIAS TO GROW OVER TIME​

* LAM RESEARCH CORP - ADDITIONAL $2 BILLION SHARE REPURCHASE AUTHORIZATION FOR A TOTAL OF $4 BILLION AUTHORIZED SINCE NOVEMBER 2017 Source text for Eikon: Further company coverage:

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