Applied Materials Announces Cash Dividend

Rhea-AI Summary

Applied Materials has declared a quarterly cash dividend of $0.24 per share, set for payment on March 16, 2022. Shareholders of record as of February 23, 2022 will receive this dividend. This move is part of Applied's capital allocation strategy, which saw the company return $4.59 billion to shareholders through dividends and share repurchases in fiscal 2021. Additionally, the firm retains approximately $5.0 billion in share buyback authorization.

Positive

• Quarterly cash dividend of $0.24 per share enhances shareholder income.
• In fiscal 2021, returned $4.59 billion to shareholders, indicating strong financial health.
• Remaining $5.0 billion in share buyback authorization supports shareholder value.

Negative

• None.

SANTA CLARA, Calif., Dec. 02, 2021 (GLOBE NEWSWIRE) -- 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 March 16, 2022 to shareholders of record as of Feb. 23, 2022.

The quarterly cash dividend is a key component of Applied’s capital allocation strategy. In fiscal 2021, Applied returned $4.59 billion to shareholders through dividends and share repurchases. The company had approximately $5.0 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 dividend amount declared by Applied Materials (AMAT)?

Applied Materials declared a quarterly cash dividend of $0.24 per share.

When will the dividend be paid to AMAT shareholders?

The dividend will be paid on March 16, 2022.

What was the total return to shareholders by Applied Materials in fiscal 2021?

Applied Materials returned $4.59 billion to shareholders through dividends and share repurchases.

How much buyback authorization does Applied Materials have left?

Applied Materials has approximately $5.0 billion remaining in its share buyback authorization.