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Lam Research to buy back up to $2 billion in stock, hikes dividend

“LRCX, -0.28% on Tuesday said it will buy back up to $2 billion in shares over the next 12 to 18 months” writes Markets Reporter for Its board also approved raising the quarterly dividend by 11% to 50 cents a share.The dividend will be paid on Jan. 10 to shareholders of record on Dec. 6.

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