Applied Materials Announces Cash Dividend
June 10 2021 - 4:05PM
Applied Materials, Inc. today announced that its Board of Directors
has approved a quarterly cash dividend of $0.24 per share payable
on the company’s common stock. The dividend is payable on Sept. 16,
2021 to shareholders of record as of Aug. 26, 2021.
The quarterly cash dividend is a key component of
Applied’s capital allocation strategy. In the second quarter of
fiscal 2021, Applied announced a 9-percent dividend increase and a
new $7.5 billion stock buyback authorization, supplementing the
previous authorization which had approximately $525 million
remaining at the end of the quarter. In addition, Applied announced
a commitment to return between 80 and 100 percent of free cash flow
to shareholders.
Forward-Looking Statements This
press release contains a forward-looking statement regarding
the expected free cash flow return rate which is subject to risks
and uncertainties. Factors that could cause actual results to
differ materially from those expressed or implied by such statement
include without limitation the risks and uncertainties described in
our SEC filings, including our 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 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 a better 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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