Applied Materials : Applied Materials Announces 11 Percent Increase in Cash
SANTA CLARA, Calif., March 5, 2013 - Applied Materials, Inc. (Nasdaq:AMAT)
announced today that its Board of Directors has approved an 11% increase in
the quarterly cash dividend from $0.09 to $0.10 per share, payable on June 13,
2013 to stockholders of record as of May 23, 2013.
"This dividend increase reflects the confidence we have in our ability to
deliver strong cash flow performance and our ongoing commitment to return
capital to our stockholders," said Mike Splinter, chairman and chief executive
As of January 27, 2013, Applied Materials had approximately 1.2 billion shares
of common stock outstanding.
This press release contains forward-looking statements, including those
regarding Applied's cash generation and deployment. 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: uncertain global economic and
industry conditions; customers' new technology and capacity requirements; the
concentrated nature of Applied's customer base; Applied's ability to timely
align its cost structure with business conditions and to attract, motivate and
retain key employees; and other risks described in the company's most recent
Form 10-Q filed with the SEC. All forward-looking statements are based on
management's estimates, projections and assumptions as of the date hereof, and
Applied undertakes no obligation to update any forward-looking statements.
About Applied Materials
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. Learn more at www.appliedmaterials.com.
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Kevin Winston (editorial/media) 408.235.4498
Michael Sullivan (financial community) 408.986.7977
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information contained therein.
Source: Applied Materials via Thomson Reuters ONE
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