Applied Materials Announces Cash Dividend

Rhea-AI Summary

Applied Materials approved a quarterly cash dividend of $0.22 per share, payable on Dec. 10, 2020, to shareholders on record as of Nov. 19, 2020. This dividend is part of the company's capital allocation strategy, which returned $402 million to shareholders in Q3 FY2020 through dividends and share repurchases. As of the end of the quarter, the company had $1.3 billion remaining in its share buyback authorization.

Positive

• Approved a quarterly cash dividend of $0.22 per share.
• Returned $402 million to shareholders in Q3 FY2020.
• $1.3 billion remaining in share buyback authorization.

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• None.

SANTA CLARA, Calif., Aug. 31, 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 Dec. 10, 2020 to shareholders of record as of Nov. 19, 2020.

The quarterly cash dividend is a key component of Applied’s capital allocation strategy. In the third quarter of fiscal 2020, Applied returned $402 million to shareholders through dividends and share repurchases. The company had approximately $1.3 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 for AMAT?

The dividend amount for Applied Materials (AMAT) is $0.22 per share.

When is the AMAT dividend payment date?

The AMAT dividend is payable on December 10, 2020.

What was the total returned to shareholders by AMAT in Q3 2020?

Applied Materials returned $402 million to shareholders in Q3 FY2020.

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

Applied Materials has $1.3 billion remaining in its share buyback authorization.

Who is eligible for the AMAT dividend?

Shareholders of record as of November 19, 2020, are eligible for the AMAT dividend.