Applied Materials Announces Cash Dividend

Rhea-AI Summary

Applied Materials, Inc. (AMAT) has approved a quarterly cash dividend of $0.32 per share on its common stock, payable on March 14, 2024. In fiscal 2023, Applied distributed $3.16 billion to shareholders through dividends and share repurchases, with approximately $12.7 billion remaining in its share buyback authorization.

Positive

• Consistent quarterly cash dividend payment reflects financial stability and commitment to shareholders.
• Significant amount distributed to shareholders in fiscal 2023 indicates strong financial performance and healthy cash flow.

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• None.

SANTA CLARA, Calif., Dec. 08, 2023 (GLOBE NEWSWIRE) -- Applied Materials, Inc. today announced that its Board of Directors has approved a quarterly cash dividend of $0.32 per share payable on the company’s common stock. The dividend is payable on March 14, 2024 to shareholders of record as of Feb. 22, 2024.

The quarterly cash dividend is a key component of Applied’s capital allocation strategy. In fiscal 2023, Applied distributed $3.16 billion to shareholders through dividends and share repurchases. The company had approximately $12.7 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

FAQ

What is the amount of the quarterly cash dividend approved by Applied Materials, Inc.?

Applied Materials, Inc. has approved a quarterly cash dividend of $0.32 per share on its common stock.

When is the dividend payable to shareholders of Applied Materials, Inc.?

The dividend is payable on March 14, 2024 to shareholders of record as of Feb. 22, 2024.

How much did Applied Materials, Inc. distribute to shareholders through dividends and share repurchases in fiscal 2023?

Applied distributed $3.16 billion to shareholders through dividends and share repurchases in fiscal 2023.

What is the remaining amount in Applied Materials, Inc.'s share buyback authorization at the end of fiscal 2023?

Applied had approximately $12.7 billion remaining in its share buyback authorization at the end of fiscal 2023.