Applied Materials Increases Cash Dividend
March 08 2019 - 7:30AM
Applied Materials, Inc. today announced that its Board of Directors
has approved a five percent increase in the quarterly cash dividend
from $0.20 to $0.21 per share payable on the company’s common
stock. The dividend is payable on June 13, 2019 to shareholders of
record as of May 23, 2019.
“The dividend increase reflects our ongoing commitment to return
capital to shareholders while investing in the future growth of the
company,” said Gary Dickerson, president and CEO. “Applied
Materials is in a great position to deliver new innovations that
accelerate our customers’ roadmaps and increase shareholder value
over the long term.”
The quarterly cash dividend is a key component of Applied’s
capital allocation strategy. In the first quarter of fiscal 2019,
the company returned $942 million to shareholders through
dividends and share repurchases. The company had approximately $3.6
billion remaining in its share buyback authorization at the end of
the period.
Forward-Looking StatementsThis press release
contains forward-looking statements, including those regarding our
current view of our industries and strategic position, and other
statements that are not historical facts. These statements and
their underlying assumptions are subject to risks and uncertainties
and are not guarantees of future performance. Factors that could
cause actual results to differ materially from those expressed or
implied by such statements include, without limitation: the level
of demand for our products; global economic and industry
conditions; consumer demand for electronic products; the demand for
semiconductors; customers’ technology and capacity requirements;
the introduction of new and innovative technologies, and the timing
of technology transitions; our ability to develop, deliver and
support new products and technologies; the concentrated nature of
our customer base; our ability to expand our current markets,
increase market share and develop new markets; market acceptance of
existing and newly developed products; our ability to obtain and
protect intellectual property rights in key technologies; our
ability to achieve the objectives of operational and strategic
initiatives, align our resources and cost structure with business
conditions, and attract, motivate and retain key employees; the
variability of operating expenses and results among products and
segments, and our ability to accurately forecast future results,
market conditions, customer requirements and business needs; and
other risks and uncertainties described in our SEC filings,
including our most recent Forms 10-Q and 8-K. All forward-looking
statements are based on management’s current estimates, projections
and assumptions, and we assume no obligation to update them.
About Applied MaterialsApplied Materials, Inc.
(Nasdaq: AMAT) is the leader in materials engineering solutions
used to produce virtually every new chip and advanced display in
the world. Our expertise in modifying materials at atomic levels
and on an industrial scale enables customers to transform
possibilities into reality. At Applied Materials, our innovations
make possible the technology shaping the future. Learn more at
www.appliedmaterials.com.
Contact:Ricky Gradwohl (editorial/media)
408.235.4676Michael Sullivan (financial community) 408.986.7977
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