Applied Materials Increases Cash Dividend

Rhea-AI Summary

Applied Materials has approved a 9% increase in its quarterly cash dividend, raising it from $0.22 to $0.24 per share. This dividend will be payable on June 17, 2021, to shareholders of record by May 27, 2021. The company emphasizes that this increase reflects its strong financial position and growth opportunities. This marks the fourth consecutive year of dividend increases, reaffirming Applied Materials' commitment to providing attractive cash returns to shareholders.

Positive

• Dividend increase from $0.22 to $0.24 per share reflects strong financial position.
• This marks the fourth consecutive year of dividend increases, indicating consistent shareholder returns.

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• None.

SANTA CLARA, Calif., March 12, 2021 (GLOBE NEWSWIRE) -- Applied Materials, Inc. today announced that its Board of Directors has approved a 9-percent increase in the quarterly cash dividend from $0.22 to $0.24 per share payable on the company’s common stock. The dividend is payable on June 17, 2021 to shareholders of record as of May 27, 2021.

“We are excited about our growth opportunities as we help accelerate major technology inflections for our customers,” said Gary Dickerson, Applied Materials president and CEO. “The dividend increase reflects the strength of our financial position, which enables us to fuel innovation and provide attractive cash returns to shareholders.”

The quarterly cash dividend is a key component of Applied’s capital allocation strategy, and this marks the fourth consecutive year of dividend increases.

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 new dividend amount for AMAT in 2021?

The new quarterly dividend amount for AMAT is $0.24 per share.

When will the AMAT dividend be paid?

The AMAT dividend will be paid on June 17, 2021.

What is the record date for AMAT's dividend payment?

The record date for AMAT's dividend payment is May 27, 2021.

How many consecutive years has AMAT increased its dividend?

Applied Materials has increased its dividend for four consecutive years.