Applied Materials Announces Cash Dividend
September 02 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 Dec. 16,
2021 to shareholders of record as of Nov. 26, 2021.
The quarterly cash dividend is a key component of
Applied’s capital allocation strategy. In the third quarter of
fiscal 2021, Applied returned $1.72 billion, or 111 percent of
free cash flow, to shareholders through dividends and share
repurchases. The company had approximately $6.5
billion remaining in its share buyback authorization at the
end of that period.
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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