By Colin Kellaher

 

Applied Materials Inc. on Friday said its board raised the quarterly dividend by 4.8%, to 22 cents, from 21 cents.

The new payout, equal to 88 cents a year, represents an annual yield of about 1.95% based on Thursday's closing price of $45.11, up from 1.86%.

The Santa Clara, Calif., maker of semiconductor equipment said the increased dividend is payable June 11 to shareholders of record May 21.

 

Write to Colin Kellaher at colin.kellaher@wsj.com

 

(END) Dow Jones Newswires

March 13, 2020 07:53 ET (11:53 GMT)

Copyright (c) 2020 Dow Jones & Company, Inc.
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