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Applied Materials Share News

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Applied Materials Lifts Dividend 13%, Adds $3 Billion To Buybacks

DOW JONES NEWSWIRES Applied Materials Inc. (AMAT) raised its quarterly dividend 13% and authorized up to $3 billion in stock buybacks over the next three years, joining a growing list of companies that have stepped up efforts to reward shareholders of late. The penny per-share dividend increase--to 9 cents a share--will cost the company about $5.16 million more each year. Applied's current stock-repurchase program launched in 2010 meanwhile has less than $1 billion worth of buybacks remaining. That program will end when the new plan goes into effect. The new buyback program is slated to expire in March 2015. Many companies have raised payouts to shareholders in recent months to signal confidence in their business prospects while reassuring investors who might have been dissuaded by last fall's stock market volatility. Applied Materials' latest fiscal first-quarter profit slumped on weaker sales and acquisition costs, but the semiconductor-equipment maker said recent orders would deliver a stronger result in the second quarter. Chairman and Chief Executive Mike Splinter on Monday said the latest dividend increase demonstrates the company's confidence in its ability to generate strong cash flow across business cycles. "Both the dividend and the share repurchase program demonstrate our ongoing commitment to return capital to our shareholders, while we continue to invest in the long-term growth of our businesses," Splinter said. Shares were recently up 1%, at $12.15 after hours. The stock is off 28% over the past year through Monday's close. -By Drew FitzGerald, Dow Jones Newswires; 212-416-2909; Andrew.FitzGerald@dowjones.com

Stock News for Applied Materials (AMAT)
DateTimeHeadline
07/16/201509:30:00Semiconductor Equipment and Materials Stocks Technical Data...
07/13/201519:29:54Applied Materials Demonstrates Success with Fast-Ramping Products...
07/13/201507:31:30Applied Materials Introduces High-Performance ALD Technology...
07/13/201507:30:36Applied Materials' New Etch System Provides Atomic-Level Precision
07/09/201516:40:17Automatic Shelf Registration Statement of Securities of Well-known...
06/26/201519:09:37Statement of Changes in Beneficial Ownership (4)
06/26/201516:14:26Annual Report of Employee Stock Plans (11-k)
06/25/201519:08:20Statement of Changes in Beneficial Ownership (4)
06/23/201519:12:32Statement of Changes in Beneficial Ownership (4)
06/22/201510:45:00Cadence and Applied Materials Collaborate on Joint Development...
06/22/201507:30:41Applied Materials to Host Analyst Meeting on Monday, July 13
06/05/201517:01:34Current Report Filing (8-k)
06/05/201516:05:00Willem P. Roelandts Named Chairman of the Board of Directors...
06/05/201507:30:00Applied Materials Announces Cash Dividend
06/03/201519:03:00Statement of Changes in Beneficial Ownership (4)
05/28/201517:25:07Specialized Disclosure Report (sd)
05/21/201516:19:11Quarterly Report (10-q)
05/20/201512:15:10What Is the S&P 500 Index?
05/19/201503:05:25Applied Materials' Breakthrough Patterning Hardmask Enables Copper...
05/15/201507:30:22Applied Materials to Present at Upcoming Investor Conferences

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