Applied Materials Announces Cash Dividend

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.

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 $0.40 per share payable on the company’s common stock. The dividend is payable on March 13, 2025 to shareholders of record as of Feb. 20, 2025.

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 $0.32 to $0.40, marking the seventh consecutive year that the company has increased its dividend. Over the past 10 years, Applied’s dividend per share has grown at a compound annual growth rate of approximately 15 percent.

In the fourth quarter of fiscal 2024, Applied distributed $1.8 billion to shareholders through dividends and share repurchases. The company had approximately $8.9 billion remaining in its share repurchase authorization at the end of the period.

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

FAQ

When is Applied Materials (AMAT) next dividend payment date?

Applied Materials' next dividend payment date is March 13, 2025, for shareholders of record as of February 20, 2025.

How much is Applied Materials (AMAT) quarterly dividend for 2025?

Applied Materials' quarterly dividend is $0.40 per share for 2025.

What is the percentage increase in AMAT's dividend for 2024?

Applied Materials increased its dividend by 25% in March 2024, from $0.32 to $0.40 per share.

How much did AMAT return to shareholders in Q4 2024?

Applied Materials returned $1.8 billion to shareholders through dividends and share repurchases in Q4 2024.

What is AMAT's remaining share repurchase authorization?

Applied Materials had approximately $8.9 billion remaining in its share repurchase authorization at the end of Q4 2024.

What is Applied Materials' (AMAT) dividend growth rate over the past decade?

Applied Materials' dividend has grown at a compound annual growth rate of approximately 15% over the past 10 years.