Applied Materials Announces Cash Dividend

Rhea-AI Summary

Applied Materials, Inc. announced a quarterly cash dividend of $0.22 per share, payable on September 10, 2020, to shareholders of record as of August 20, 2020. This dividend reflects the company's commitment to returning value to shareholders, with $392 million returned in the second quarter of fiscal 2020 through dividends and share repurchases. At the close of the quarter, Applied had approximately $1.5 billion remaining in its share buyback authorization.

Positive

• Dividend of $0.22 per share indicates strong cash flow and commitment to returning value to shareholders.
• $392 million returned to shareholders in Q2 2020 through dividends and share repurchases enhances shareholder confidence.
• Approximately $1.5 billion remaining in share buyback authorization provides flexibility for further shareholder returns.

Negative

• None.

SANTA CLARA, Calif., June 11, 2020 (GLOBE NEWSWIRE) -- Applied Materials, Inc. today announced that its Board of Directors has approved a quarterly cash dividend of $0.22 per share payable on the company’s common stock. The dividend is payable on Sept. 10, 2020 to shareholders of record as of Aug. 20, 2020.

The quarterly cash dividend is a key component of Applied’s capital allocation strategy. In the second quarter of fiscal 2020, Applied returned $392 million to shareholders through dividends and share repurchases. The company had approximately $1.5 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 the technology shaping the 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 AMAT in June 2020?

Applied Materials declared a dividend of $0.22 per share.

When is the dividend payable for AMAT's June 2020 announcement?

The dividend is payable on September 10, 2020.

What was the total amount returned to shareholders by AMAT in Q2 2020?

Applied Materials returned $392 million to shareholders in the second quarter of fiscal 2020.

What is the remaining share buyback authorization for AMAT as of Q2 2020?

As of the end of Q2 2020, AMAT had approximately $1.5 billion remaining in its share buyback authorization.