Applied Materials Announces Cash Dividend
Applied Materials announced a quarterly cash dividend of $0.24 per share, payable on September 16, 2021, to shareholders of record as of August 26, 2021.
Sentiment and the balance of points
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Rhea-AI Summary
Applied Materials announced a quarterly cash dividend of $0.24 per share, payable on September 16, 2021, to shareholders of record as of August 26, 2021. This dividend forms a part of the company's capital allocation strategy, following a 9% increase in dividends last quarter and a new $7.5 billion stock buyback authorization. The company plans to return 80% to 100% of free cash flow to shareholders, reinforcing its commitment to shareholder value.
Positive
- Quarterly cash dividend of $0.24 per share announced.
- 9% dividend increase previously announced.
- $7.5 billion stock buyback authorization.
- Commitment to return 80-100% of free cash flow to shareholders.
Negative
- None.
Details
News Market Reaction – AMAT
The recorded move for AMAT in the trading session of this news was -0.25%.
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SANTA CLARA, Calif., June 10, 2021 (GLOBE NEWSWIRE) -- Applied Materials, Inc. today announced that its Board of Directors has approved a quarterly cash dividend of
The quarterly cash dividend is a key component of Applied’s capital allocation strategy. In the second quarter of fiscal 2021, Applied announced a 9-percent dividend increase and a new
Forward-Looking Statements
This press release contains a forward-looking statement regarding the expected free cash flow return rate which is subject to risks and uncertainties. Factors that could cause actual results to differ materially from those expressed or implied by such statement include without limitation the risks and uncertainties described in our SEC filings, including our recent Forms 10-Q and 8-K. 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.
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