|
|
|
|
|
SANTA CLARA, CA, Mar 6, 2012 - (ACN Newswire) - Applied Materials, Inc. (NASDAQ:AMAT), the world's leading supplier of manufacturing solutions for the semiconductor, display and solar industries, today announced that its Board of Directors has approved a 13% increase in the quarterly cash dividend to $0.09 per share, payable on June 14, 2012 to stockholders of record as of May 24, 2012. Applied's Board also approved a new stock repurchase program authorizing up to $3 billion in repurchases over the next three years ending in March 2015. Applied's current stock repurchase program, begun in 2010, has less than $1.0 billion remaining and will terminate concurrent with the start of the new repurchase program.
"Applied had record revenue and cash flows in FY 2011, and today's dividend increase demonstrates confidence in our ability to continue to deliver strong cash flow performance across our business cycles," said Mike Splinter, chairman and chief executive officer. "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."
As of January 29, 2012, Applied Materials had approximately 1.3 billion shares of common stock outstanding.
Forward-Looking Statements. This press release contains forward-looking statements, including statements regarding Applied's financial position, cash flow performance, capital allocation, and investment and growth strategies. These statements are subject to known and unknown risks and uncertainties that could cause actual results to differ materially from those expressed or implied by such statements, including but not limited to: the level of demand for Applied's products, which is subject to many factors, including uncertain global economic and industry conditions, demand for electronic products and semiconductors, and customers' new technology and capacity requirements; the concentrated nature of Applied's customer base; Applied's ability to (i) develop, deliver and support a broad range of products and expand its markets, (ii) timely align its cost structure with business conditions, (iii) plan and manage its resources and production capability, including its supply chain, (iv) implement initiatives that enhance global operations and efficiencies, (v) effectively integrate acquired businesses, (vi) obtain and protect intellectual property rights in key technologies, and (vii) attract, motivate and retain key employees; and other risks described in Applied Materials' SEC filings. All forward-looking statements are based on management's estimates, projections and assumptions as of the date hereof. The company undertakes no obligation to update any forward-looking statements.
Applied Materials, Inc. (Nasdaq:AMAT) is the global leader in providing innovative equipment, services and software to enable the manufacture of advanced semiconductor, flat panel display and solar photovoltaic products. Our technologies help make innovations like smartphones, flat screen TVs and solar panels more affordable and accessible to consumers and businesses around the world. At Applied Materials, we turn today's innovations into the industries of tomorrow. Learn more at www.appliedmaterials.com .
Contacts:
Howard Clabo (editorial/media) +1-408-748-5775, howard_clabo@amat.com
Michael Sullivan (financial community) +1-408-986-7977, michael_sullivan@amat.com
This announcement is distributed by Thomson Reuters on behalf of Thomson Reuters clients.
The owner of this announcement warrants that:
(i) the releases contained herein are protected by copyright and other applicable laws; and
(ii) they are solely responsible for the content, accuracy and originality of the information contained therein.
Source: Applied Materials via Thomson Reuters ONE
Copyright (c) Thomson Reuters 2012. All rights reserved.
Topic: Stock--buying or selling
Source: Applied Materials, Inc.
http://www.acnnewswire.com
From the Asia Corporate News Network
Copyright © 2025 ACN Newswire. All rights reserved. A division of Asia Corporate News Network.
|
|
|
|
|
|
|
| Applied Materials, Inc. |
| Oct 5, 2023 10:22 HKT/SGT |
|
Electronics Asia Conference 2023 to Highlight IoT, AI/ML, Automotive, and Wireless Developments Driving Semiconductor Industry Growth in Asia |
| Mar 10, 2016 13:00 HKT/SGT |
|
Thailand's Semiconductor Sector On Track to Tap US$280B Global Automotive Electronics Industry |
| Feb 19, 2016 10:00 HKT/SGT |
|
Applied Materials Announces First Quarter 2016 Results |
| Dec 18, 2015 22:30 HKT/SGT |
|
Applied Materials Appoints Adrianna Ma to Board of Directors |
| Dec 15, 2015 20:30 HKT/SGT |
|
Applied Materials' Chorng-Ping Chang Named 2016 IEEE Fellow |
| Dec 8, 2015 08:40 HKT/SGT |
|
Applied Materials Announces Cash Dividend |
| Dec 1, 2015 22:00 HKT/SGT |
|
EVENT ADVISORY: Semiconductor Industry Experts to Examine the Changing Face of Non-Volatile Memory |
| Nov 13, 2015 06:40 HKT/SGT |
|
Applied Materials Announces Fourth Quarter and Fiscal Year 2015 Results |
| Nov 9, 2015 23:25 HKT/SGT |
|
Applied Materials to Present at Upcoming Investor Conferences |
| Nov 6, 2015 07:05 HKT/SGT |
|
Applied Materials Appoints Eric Chen to Board of Directors |
| More news >> |
 |
|
|
|
