Applied Materials Increases Cash Dividend
“We are increasing the dividend based on our strong cash flow performance and ongoing commitment to return capital to shareholders,” said
The quarterly cash dividend is a key component of Applied’s capital allocation strategy, and this marks the third consecutive year of dividend increases. In the first quarter of fiscal 2020, Applied returned $392 million to shareholders through dividends and share repurchases. The company had approximately
This press release contains forward-looking statements, including those regarding our current view of our industries and strategic position, capital deployment strategy and commitment, and other statements that are not historical facts. These statements and their underlying assumptions are subject to risks and uncertainties and are not guarantees of future performance. Factors that could cause actual results to differ materially from those expressed or implied by such statements include, without limitation: the level of demand for our products; global economic and industry conditions; the effects of regional or global health epidemics; global trade issues and changes in trade policies; consumer demand for electronic products; the demand for semiconductors; customers’ technology and capacity requirements; the introduction of new and innovative technologies, and the timing of technology transitions; our ability to develop, deliver and support new products and technologies; the concentrated nature of our customer base; changes in income tax laws; our ability to expand our current markets, increase market share and develop new markets; market acceptance of existing and newly developed products; our ability to obtain and protect intellectual property rights in key technologies; our ability to achieve the objectives of operational and strategic initiatives, align our resources and cost structure with business conditions, and attract, motivate and retain key employees; the variability of operating expenses and results among products and segments, and our ability to accurately forecast future results, market conditions, customer requirements and business needs; and other risks and uncertainties described in our
Source: Applied Materials, Inc.