AMAT announces 11 percent increase in cash dividend
Applied Materials' Board of Directors has approved an 11 percent increase in the quarterly cash dividend from $0.09 to $0.10 per share, payable on June 13th, 2013 to stockholders of record as of May 23rd, 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 27th, 2013, Applied Materials (AMAT)had approximately 1.2 billion shares of common stock outstanding.
Applied Materials, Inc.is a provider of innovative equipment, services and software to enable the manufacture of advanced semiconductor, flat panel display and solar photovoltaic products.
