Applied Materials Announces Cash Dividend
Applied Materials announced a quarterly cash dividend of $0.40 per share, payable on March 13, 2025, to shareholders of record as of February 20, 2025.
Sentiment and the balance of points
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Rhea-AI Summary
Applied Materials announced a quarterly cash dividend of $0.40 per share, payable on March 13, 2025, to shareholders of record as of February 20, 2025. This represents a 25% increase from the previous $0.32 dividend, marking the seventh consecutive year of dividend growth. The company's dividend has grown at a 15% compound annual growth rate over the past decade. In Q4 2024, Applied Materials distributed $1.8 billion to shareholders through dividends and share repurchases, with approximately $8.9 billion remaining in its share repurchase authorization.
Positive
- 25% increase in quarterly dividend from $0.32 to $0.40 per share
- Seven consecutive years of dividend growth
- 15% compound annual dividend growth rate over 10 years
- Substantial $1.8B shareholder distribution in Q4 2024
- Large $8.9B remaining share repurchase authorization
Negative
- None.
Details
News Market Reaction – AMAT
The recorded move for AMAT in the trading session of this news was +0.16%.
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SANTA CLARA, Calif., Dec. 13, 2024 (GLOBE NEWSWIRE) -- Applied Materials, Inc. today announced that its Board of Directors has approved a quarterly cash dividend of
The cash dividend is a key component of Applied’s capital allocation strategy. In March 2024, Applied announced a 25-percent increase in the dividend per share, from
In the fourth quarter of fiscal 2024, Applied distributed
Forward-Looking Statements
This press release may contain forward-looking statements, express or implied, regarding future rates of cash dividends. While we expect to continue to pay dividends in the future, the declaration of any future dividends or dividends at any particular rate is subject to the discretion of the Board of Directors and will depend on our financial condition, results of operations, capital requirements, business conditions and other factors, as well as a determination by the Board of Directors that dividends are in the best interests of our stockholders. All forward-looking statements are based on management’s current estimates, projections and assumptions, and we assume no obligation to update them.
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 a better future. Learn more at www.appliedmaterials.com.
Contact:
Ricky Gradwohl (editorial/media) 408.235.4676
Liz Morali (financial community) 408.986.7977
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