Applied Materials: Cash Dividend
Applied Materials, Inc. (Nasdaq:AMAT) announced that its Board of Directors has approved an 11% increase in the quarterly cash dividend from $0.09 to $0.10 per share, payable on June 13, 2013 to stockholders of record as of May 23, 2013.
"This dividend increase reflects the confidence we have in our ability to deliver strong cash flow performance and our ongoing commitment to return capital to our stockholders," said Mike Splinter, chairman and chief executive officer.
As of January 27, 2013, Applied Materials had approximately 1.2 billion shares of common stock outstanding.
About Applied Materials
Applied Materials, Inc. (Nasdaq:AMAT) is the global leader in providing innovative equipment, services and software to enable the manufacture of advanced semiconductor, flat panel display and solar photovoltaic products. Our technologies help make innovations like smartphones, flat screen TVs and solar panels more affordable and accessible to consumers and businesses around the world. Learn more at www.appliedmaterials.com.
Michael Sullivan (financial community) 408.986.7977