Lam Research Corporation announced that its Board of Directors has approved a $0.225, or 15%, increase in its quarterly dividend, from $1.50 to $1.725 per share of common stock. This increase is consistent with the intent for disciplined annual dividend growth. The dividend payment will be made October 5, 2022 to holders of record on September 14, 2022.

Future dividend payments are subject to review and approval by the Board of Directors.