Kla-tencor (klac) Stock Higher Today After Announcing Special Dividend

NEW YORK (TheStreet) -- KLA-Tencor shares are up 8.11% to $76.76 on Friday after the semiconductor and nanotechnology yield management solutions provider announced that it is planning to borrow $2.5 billion to fund a special dividend of $16.50. The company also announced that it was adding another $250 million to its $1 billion share buyback program.

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