Applied Materials (AMAT) Declares $0.32 Quarterly Dividend; 0.9% Yield

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Go back to Applied Materials (AMAT) Declares $0.32 Quarterly Dividend; 0.9% Yield

Applied Materials Announces Cash Dividend

June 8, 2023 4:05 PM EDT

SANTA CLARA, Calif., June 08, 2023 (GLOBE NEWSWIRE) -- Applied Materials, Inc. today announced that its Board of Directors has approved a quarterly cash dividend of $0.32 per share payable on the companys common stock. The dividend is payable on Sept. 14, 2023 to shareholders of record as of Aug. 24, 2023.

The quarterly cash dividend is a key component of Applieds capital allocation strategy. On March 13, 2023, Applied announced a 23.1-percent increase in the quarterly cash dividend from $0.26 to $0.32 per share along with a new share repurchase authorization enabling Applied to buyback an additional $10 billion of its shares over time. The first $0.32... More