Applied Materials Announces Cash Dividend

Rhea-AI Summary

Applied Materials has announced a quarterly cash dividend of $0.26 per share, payable on September 15, 2022, to shareholders on record as of August 25, 2022. This dividend is part of the company’s strategy to return value to shareholders, which included $2.01 billion returned through dividends and share repurchases in Q2 of fiscal 2022. At the end of that quarter, Applied had approximately $7.4 billion remaining in its share buyback authorization.

Positive

• Quarterly cash dividend of $0.26 per share enhances shareholder value.
• Returned $2.01 billion to shareholders via dividends and share repurchases in Q2 2022.
• $7.4 billion remaining in share buyback authorization indicates strong capital allocation strategy.

Negative

• None.

SANTA CLARA, Calif., June 09, 2022 (GLOBE NEWSWIRE) -- Applied Materials, Inc. today announced that its Board of Directors has approved a quarterly cash dividend of $0.26 per share payable on the company’s common stock. The dividend is payable on Sept. 15, 2022 to shareholders of record as of Aug. 25, 2022.

The quarterly cash dividend is a key component of Applied’s capital allocation strategy. In the second quarter of fiscal 2022, Applied returned $2.01 billion to shareholders through dividends and share repurchases. The company had approximately $7.4 billion remaining in its share buyback authorization at the end of that period.

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
Michael Sullivan (financial community) 408.986.7977

FAQ

What is the dividend amount for Applied Materials (AMAT)?

The dividend amount is $0.26 per share.

When is the dividend payment date for Applied Materials (AMAT)?

The dividend is payable on September 15, 2022.

What was the total amount returned to shareholders in Q2 2022 by Applied Materials (AMAT)?

Applied Materials returned $2.01 billion to shareholders in Q2 2022.

How much share buyback authorization does Applied Materials (AMAT) have left?

Applied Materials has approximately $7.4 billion remaining in its share buyback authorization.