Applied Materials boosts dividend by 23% and buyback plan by $10 billion
Applied Materials Inc.
is boosting its dividend by 23% percent, the chip-equipment company announced Monday morning. The company’s quarterly dividend is going up to 32 cents a share from 26 cents a share previously. It will be payable on June 15 to shareholders of record as of May 25. Additionally, Applied Materials announced that its board of directors has approved $10 billion in additional stock buybacks. This “supplements” the company’s previous repurchase authorization, which had $4.
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