Applied Materials Announces Cash Dividend
June 09 2014 - 4:05PM
SANTA CLARA, Calif., June 9, 2014 - Applied
Materials, Inc. today announced that its Board of Directors has
approved a quarterly cash dividend of $0.10 per share payable on
the company's common stock. The dividend is payable on
September 11, 2014 to stockholders of record as of August 21,
2014.
Applied Materials expects its proposed business
combination with Tokyo Electron Limited to close in the second half
of 2014. If the business combination closes before August 21,
2014, the record date will be a date before the closing date.
In such event, the dividend will be pro-rated, with stockholders
receiving $0.001099 per share for each day beginning May 23, 2014,
the day after the record date for the previous quarterly dividend,
and ending on the record date. The pro-rated dividend, which
ensures that stockholders continue to receive dividends at the
current rate, will be payable within 60 days of the record
date.
Forward-Looking
Statements
This press release contains forward-looking statements, including
those regarding the proposed business combination between Applied
and Tokyo Electron Limited. These statements are subject to known
and unknown risks and uncertainties that could cause actual results
to differ materially from those expressed or implied by such
statements, including but not limited to the ability of the parties
to consummate the business combination in a timely manner or at all
and other risks described in Applied's SEC filings. All
forward-looking statements are based on management's estimates,
projections and assumptions as of the date hereof. The company
undertakes no obligation to update any forward-looking
statements.
About Applied
Materials
Applied Materials, Inc. (Nasdaq: AMAT) is the global leader in
precision materials engineering solutions for the semiconductor,
flat panel display and solar photovoltaic products. Our
technologies help make innovations like smartphones, flat screen
TVs and solar panels more affordable and accessible to consumers
and businesses around the world. Learn more at
www.appliedmaterials.com.
# # #
Contact:
Kevin Winston (editorial/media) 408.235.4498
Michael Sullivan (financial community) 408.986.7977
This
announcement is distributed by NASDAQ OMX Corporate Solutions on
behalf of NASDAQ OMX Corporate Solutions clients.
The issuer of this announcement warrants that they are solely
responsible for the content, accuracy and originality of the
information contained therein.
Source: Applied Materials via Globenewswire
HUG#1791583
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