Applied Materials raises dividend by 8.3% to $0.26, approves $6B buyback program

Mar. 11, 2022 7:38 AM ETApplied Materials, Inc. (AMAT)By: Niloofer Shaikh, SA News Editor6 Comments
  • Applied Materials (NASDAQ:AMAT) declares $0.26/share quarterly dividend, 8.3% increase from prior dividend of $0.24.
  • Payable June 16; for shareholders of record May 26; ex-div May 25.
  • The company approved a new $6B share repurchase authorization, supplementing the previous authorization which had $3.2B remaining at the end of the 1Q22.
  • “The new share repurchase authorization and dividend increase demonstrate Applied Materials’ confidence in the long-term growth of our markets, the strength of our technology, and our ability to generate strong cash flow and attractive shareholder returns,” said Gary Dickerson, President and CEO. “Our broad portfolio of innovative products puts Applied in a great position to outperform our markets in the years ahead.”
  • See AMAT Dividend Scorecard, Yield Chart, & Dividend Growth.

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