Applied Materials Announces Cash Dividend

Rhea-AI Summary

Applied Materials announced a quarterly cash dividend of $0.26 per share, payable on March 16, 2023, to shareholders on record as of February 23, 2023. This dividend is part of the company's capital allocation strategy, which returned $6.98 billion, or 151% of free cash flow, to shareholders through dividends and share repurchases in fiscal 2022. As of the end of that period, there remains approximately $4.9 billion in share buyback authorization.

Positive

• Quarterly dividend of $0.26 indicates ongoing shareholder returns.
• Returned $6.98 billion (151% of free cash flow) to shareholders in fiscal 2022.
• Retained $4.9 billion in share buyback authorization enhances shareholder value.

Negative

• None.

SANTA CLARA, Calif., Dec. 12, 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 March 16, 2023 to shareholders of record as of Feb. 23, 2023.

The quarterly cash dividend is a key component of Applied’s capital allocation strategy. In fiscal 2022, Applied returned $6.98 billion, or 151 percent of free cash flow, to shareholders through dividends and share repurchases. The company had approximately $4.9 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?

The dividend amount for Applied Materials (AMAT) is $0.26 per share.

When is the AMAT dividend payout date?

The AMAT dividend payout date is March 16, 2023.

What is the record date for AMAT's dividend?

The record date for AMAT's dividend is February 23, 2023.

How much did AMAT return to shareholders in fiscal 2022?

Applied Materials returned $6.98 billion, or 151% of free cash flow, to shareholders in fiscal 2022.

What is AMAT's remaining share buyback authorization?

AMAT has approximately $4.9 billion remaining in its share buyback authorization.