Applied Materials Announces Cash Dividend

Rhea-AI Summary

Applied Materials has declared a quarterly cash dividend of $0.24 per share, scheduled for payment on December 16, 2021, to shareholders of record as of November 26, 2021. This dividend aligns with the company's capital allocation strategy, which returned $1.72 billion or 111% of free cash flow to shareholders during the third quarter of fiscal 2021. Additionally, the company has approximately $6.5 billion remaining in its share buyback authorization.

Positive

• Declared quarterly cash dividend of $0.24 per share.
• Returned $1.72 billion to shareholders in Q3 2021, equating to 111% of free cash flow.
• Remaining share buyback authorization of $6.5 billion.

Negative

• None.

SANTA CLARA, Calif., Sept. 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 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

FAQ

What is the dividend amount for AMAT?

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

When is the dividend for AMAT payable?

The dividend is payable on December 16, 2021.

What is the record date for AMAT's dividend?

The record date for the dividend is November 26, 2021.

How much did Applied Materials return to shareholders in Q3 2021?

Applied Materials returned $1.72 billion to shareholders during Q3 2021.

What percentage of free cash flow did Applied return to shareholders?

Applied returned 111% of its free cash flow to shareholders in Q3 2021.

How much is left in AMAT's share buyback authorization?

Applied Materials has approximately $6.5 billion remaining in its share buyback authorization.