Flexible Electronics News

Applied Materials Announces New $6 Billion Share Repurchase Authorization

Approves an 8.3% increase in the quarterly cash dividend.

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By: DAVID SAVASTANO

Editor, Ink World Magazine

Applied Materials, Inc. announced that its Board of Directors has approved a new $6 billion share repurchase authorization, supplementing the previous authorization which had $3.2 billion remaining at the end of the first quarter of fiscal 2022. In addition, the Board approved an 8.3% increase in the quarterly cash dividend from $0.24 to $0.26 per share, marking the fifth consecutive annual dividend increase. The dividend is payable on June 16, 2022 to shareholders of record as of May 26, 202...

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