Applied Materials Announces Cash Dividend

Rhea-AI Summary

Applied Materials, Inc. has declared a quarterly cash dividend of $0.26 per share, scheduled for payment on Dec. 15, 2022. Shareholders on record as of Nov. 25, 2022 will receive the dividend. This initiative is part of the company's capital allocation strategy, which in Q3 FY 2022 saw a total of $1.23 billion returned to shareholders via dividends and share repurchases. As of the end of the quarter, the company had approximately $6.4 billion left in its share buyback authorization.

Positive

• Quarterly cash dividend of $0.26 per share enhances shareholder value.
• Total of $1.23 billion returned to shareholders in Q3 FY 2022 through dividends and share repurchases.

Negative

• None.

SANTA CLARA, Calif., Sept. 08, 2022 (GLOBE NEWSWIRE) -- Applied Materials, Inc. today announced that its Board of Directors has approved a quarterly cash dividend of $0.26 per share payable on the company’s common stock. The dividend is payable on Dec. 15, 2022 to shareholders of record as of Nov. 25, 2022.

The quarterly cash dividend is a key component of Applied’s capital allocation strategy. In the third quarter of fiscal 2022, Applied returned $1.23 billion to shareholders through dividends and share repurchases. The company had approximately $6.4 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 for AMAT?

Applied Materials has announced a quarterly cash dividend of $0.26 per share.

When is the dividend payment date for AMAT shareholders?

The dividend is payable on December 15, 2022.

Who qualifies for the AMAT dividend payment?

Shareholders of record as of November 25, 2022, will receive the dividend.

What was the total amount returned to AMAT shareholders in Q3 FY 2022?

Applied Materials returned a total of $1.23 billion to shareholders in Q3 FY 2022.

How much buyback authorization does AMAT have left?

As of the end of Q3 FY 2022, Applied Materials had approximately $6.4 billion remaining in its share buyback authorization.