Lam Research Corporation
LRCXTechnology · Stock · quarterly payer
Forward Yield
0.46%
Annual Dividend
$1.32
Payout Ratio
18%
5-Yr Growth
14.9%
Ex-Date
Sep 23, 2026
Frequency
Quarterly
Summary
As of September 2026, Lam Research Corporation (LRCX) yields 0.46% ($1.32 per share annually), with a blended fair-value estimate of $203.28 — -29% downside, so it screens as overvalued. Dividend safety grade: A (88/100). 11 years of dividend growth.
Is LRCX a good dividend stock?
YesLam Research Corporation (LRCX) pays a quarterly dividend yielding 0.46% ($1.32/yr), with 11 years of growth and a dividend-safety grade of A. It scores well across payout coverage, growth history and safety — a dependable income holding.
Advantages
- 11 consecutive years of dividend growth
- Never cut its dividend on record
- Comfortable payout ratio (18%)
- Strong 14.9% 5-yr dividend growth
- 411% total price return over 5 years
- Top-tier dividend safety score
Risks
- Single-stock concentration risk — diversify
Key Data
- Dividend Yield
- 0.46%
- Payout Ratio
- 18%
- Annual Dividend
- $1.32
- 5-Yr Avg Growth
- 14.9%
- Ex-Dividend Date
- Sep 23, 2026
- Years of Growth
- 11
- Frequency
- quarterly
- Beta
- 1.86
- Market Cap
- $360.5B
- P/E Ratio
- 50.0
- 5-Yr Total Return
- 411%
- 52-Week Range
- $125.02 – $438.50
- Dividend Safety
- A · 88/100
- Ever Cut?
- No
Frequently Asked Questions
LRCX Price — Last 12 Months
Daily close
Price Return
1 Year
+83%
3 Years
+390%
5 Years
+411%
52-Week Range
$125.02 – $438.50
Price change over each period (excludes dividends). Past performance doesn't guarantee future results.
What is LRCX worth?
Overvaluedlow confidenceOur blended fair-value estimate for Lam Research Corporation is $203.28 per share, versus a market price of $288.11. That implies 29% of downside.
Fair Value
$203.28
Current Price
$288.11
Downside
-29%
Margin of Safety
-42%
How we get there
Earnings multiple (Graham)
Graham's earnings-multiple formula, anchored to bond yields.
At today's price, the market is pricing in about 40.0% annual free-cash-flow growth. We model 17.0% — so the price already assumes faster growth than we think is likely.
Assumptions: 12.0% discount rate (CAPM), 17.0% stage-1 growth, 2.5% terminal growth, $5.76 EPS, $1.32 annual dividend. Updated weekly.
Fair-value estimates are model output for educational purposes only — not investment advice or a price target.
LRCX Dividend Safety Score
Very Safe
SmarterDividends' proprietary score, backtested against which dividends were actually cut over 15+ years (0.78 AUC). It blends a validated cut-risk model (growth streak, cut history) with current payout, cash-flow and debt. Higher is safer · not investment advice.
Dividend Growth
Total dividends per share by year
Dividend History
| Ex-Date | Pay Date | Amount | Type |
|---|---|---|---|
| Jun 17, 2026 | — | $0.2600 | regular |
| Mar 4, 2026 | — | $0.2600 | regular |
| Dec 3, 2025 | — | $0.2600 | regular |
| Sep 24, 2025 | — | $0.2600 | regular |
| Jun 18, 2025 | — | $0.2300 | regular |
| Mar 5, 2025 | — | $0.2300 | regular |
| Dec 11, 2024 | — | $0.2300 | regular |
| Sep 17, 2024 | — | $0.2300 | regular |
| Jun 18, 2024 | — | $0.2000 | regular |
| Mar 12, 2024 | — | $0.2000 | regular |
| Dec 12, 2023 | — | $0.2000 | regular |
| Sep 12, 2023 | — | $0.2000 | regular |
| Jun 13, 2023 | — | $0.1725 | regular |
| Mar 14, 2023 | — | $0.1725 | regular |
Income Calculator
At $1.32 / yr per share
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