Applied Materials Announces Cash Dividend
08 June 2018 - 6:05AM
Applied Materials, Inc. today announced that its Board of Directors
has approved a quarterly cash dividend of $0.20 per share payable
on the company’s common stock. The dividend is payable on September
13, 2018 to shareholders of record as of August 23, 2018.
The quarterly cash dividend is a key component of Applied’s
capital allocation strategy. On February 14, 2018, Applied
announced a $6 billion share repurchase authorization along with a
100-percent increase in the quarterly cash dividend from $0.10 per
share to $0.20 per share. The first $0.20 dividend will be payable
on June 14, 2018 to shareholders of record as of May 24, 2018. The
company has stated that it will review its distribution practices
on a regular basis as it continues to grow the business.
About Applied MaterialsApplied 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)
408.235.4676Michael Sullivan (financial community) 408.986.7977
Applied Materials (NASDAQ:AMAT)
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