Applied Materials (AMAT) Raises Quarterly Dividend 4.8% to $0.22; 1.8% Yield

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Go back to Applied Materials (AMAT) Raises Quarterly Dividend 4.8% to $0.22; 1.8% Yield

Applied Materials Increases Cash Dividend

March 13, 2020 7:30 AM EDT

SANTA CLARA, Calif., March 13, 2020 (GLOBE NEWSWIRE) -- Applied Materials, Inc. today announced that its Board of Directors has approved an increase in the quarterly cash dividend from $0.21 to $0.22 per share payable on the companys common stock. The dividend is payable on June 11, 2020 to shareholders of record as of May 21, 2020.

We are increasing the dividend based on our strong cash flow performance and ongoing commitment to return capital to shareholders, said Gary Dickerson, president and CEO. We believe the AI-Big Data era will create exciting long-term growth opportunities for Applied Materials.

The quarterly cash dividend is a... More