Applied Materials Announces Cash Dividend
Applied Materials (AMAT) has announced a quarterly cash dividend of $0.40 per share, payable on Dec. 12, 2024 to shareholders of record as of Nov. 21, 2024.
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Rhea-AI Summary
Applied Materials (AMAT) has announced a quarterly cash dividend of $0.40 per share, payable on Dec. 12, 2024 to shareholders of record as of Nov. 21, 2024. This dividend is part of the company's capital allocation strategy and represents a 25% increase from the previous $0.32 per share. Applied Materials has consistently increased its dividend for seven consecutive years, with a compound annual growth rate of 15% over the past decade.
In Q3 fiscal 2024, the company distributed $1.19 billion to shareholders through dividends and share repurchases. Applied Materials had approximately $10.3 billion remaining in its share repurchase authorization at the end of the period, demonstrating its commitment to returning value to shareholders.
Positive
- Quarterly cash dividend of $0.40 per share announced
- 25% increase in dividend from $0.32 to $0.40 per share
- Consistent dividend growth for 7 consecutive years
- 15% compound annual growth rate in dividends over the past 10 years
- $1.19 billion distributed to shareholders in Q3 fiscal 2024
- $10.3 billion remaining in share repurchase authorization
Negative
- None.
Details
News Market Reaction – AMAT
The recorded move for AMAT in the trading session of this news was +2.87%.
Data tracked by StockTitan Argus. Session date unavailable.
AI-generated analysis. How Rhea-AI works. Not financial advice.
SANTA CLARA, Calif., Sept. 12, 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
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
This press release was published by a CLEAR® Verified individual.
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