By Colin Kellaher
Applied Materials' board has boosted the semiconductor equipment maker's quarterly dividend by 15%, to 46 cents from 40 cents, and added $10 billion to its share-repurchase authorization.
The new quarterly payout, equal to $1.84 a year, represents an annual yield of 1.18% based on Friday's closing price of $155.68, up from 1.03%.
The Santa Clara, Calif., company on Monday said the increased dividend is payable June 12 to shareholders of record May 22.
Applied Materials, which has about 812.4 million shares outstanding and sports a market capitalization of nearly $126.5 million, said the new buyback adds to a $10 billion program approved in March 2023 that had about $7.6 billion remaining as of Jan. 26.
Write to Colin Kellaher at colin.kellaher@wsj.com
(END) Dow Jones Newswires
March 10, 2025 07:44 ET (11:44 GMT)
Copyright (c) 2025 Dow Jones & Company, Inc.
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