Applied Materials (AMAT) Raises Quarterly Dividend 25% to $0.40; 0.8% Yield
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Applied Materials Increases Cash Dividend by 25 Percent
March 11, 2024 7:30 AM EDTSANTA CLARA, Calif., March 11, 2024 (GLOBE NEWSWIRE) -- Applied Materials, Inc. today announced that its Board of Directors has approved a 25-percent increase in the quarterly cash dividend from $0.32 to $0.40 per share. The dividend is payable on June 13, 2024 to shareholders of record as of May 23, 2024.
Our latest dividend increase reflects our confidence in Applied Materials ability to generate profitable growth and strong free cash flow, said Brice Hill, Senior Vice President and CFO. We believe Applied can continue to outperform the semiconductor equipment market in the years ahead, and we expect our services business to deliver double-digit growth... More
