Flexible Electronics News

Applied Materials Increases Cash Dividend by 23.1%

Announces new $10 billion share repurchase authorization.

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By: DAVID SAVASTANO

Editor, Ink World Magazine

Applied Materials, Inc. announced that its Board of Directors has approved a 23.1% increase in the quarterly cash dividend from $0.26 to $0.32 per share. The dividend is payable on June 15, 2023 to shareholders of record as of May 25, 2023. The board also approved a new share repurchase authorization enabling Applied to buy back an additional $10 billion of its shares over time. This supplements the previous authorization which had $4.7 billion remaining at the end of the first quarter of fis...

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