Last month, semiconductor process control supplier KLA Corporation (KLAC) announced that it would enact a 10-for-1 forward stock split of its outstanding common stock. The stock comes with a hefty price tag at the moment, shy of the $2,000 mark per share. Hence, the objective of this stock split is to make the shares more accessible, especially to retail investors, and increase liquidity.
KLA believes that this aligns with its long-term capital allocation strategy. The company’s split-adjusted quarterly dividend for August 2026 is expected to be $0.23 per share.