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Applied Materials Raises Quarterly Dividend by 23%

Provided by Dow Jones

Mar 11, 2024 11:53am

By Colin Kellaher

Applied Materials' board has raised the semiconductor equipment maker's quarterly dividend by 25%, to 40 cents a share from 32 cents.

The new quarterly payout, equal to $1.60 a year, represents an annual yield of 0.78% based on Friday's closing price of $205.56, up from 0.62%.

The Santa Clara, Calif., company on Monday said the increased dividend is payable June 13 to shareholders of record as of May 23.

Write to Colin Kellaher at colin.kellaher@wsj.com

(END) Dow Jones Newswires

March 11, 2024 07:53 ET (11:53 GMT)

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