KLA Corporation Unveils Dividend Hike Stock Buybacks at Investor Day Ahead of its Investor Day held on June 16, KLA Corporation (KLAC) made several positive announcements. Based in California, KLA Corp. is a capital equipment company engaged in the supply of process control and yield management solutions for the semiconductor and related nano-electronics industries. Increased Share Buybacks and Dividends The company announced a new share repurchase program worth $6 billion, with plans to engage in an accelerated share repurchase of $3 billion over the next three to six months. The remaining amount will be repurchased over the next 12 to 18 months, subject to market conditions.