Applied Materials Increases Cash Dividend
March 12 2021 - 7:30AM
Applied Materials, Inc. today announced that its Board of Directors
has approved a 9-percent increase in the quarterly cash dividend
from $0.22 to $0.24 per share payable on the company’s common
stock. The dividend is payable on June 17, 2021 to shareholders of
record as of May 27, 2021.
“We are excited about our growth opportunities as
we help accelerate major technology inflections for our customers,”
said Gary Dickerson, Applied Materials president and CEO. “The
dividend increase reflects the strength of our financial position,
which enables us to fuel innovation and provide attractive cash
returns to shareholders.”
The quarterly cash dividend is a key component of
Applied’s capital allocation strategy, and this marks the fourth
consecutive year of dividend increases.
About Applied Materials Applied
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) 408.235.4676 Michael Sullivan (financial
community) 408.986.7977
Applied Materials (NASDAQ:AMAT)
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