(CercleFinance.com) – Applied Materials announces the approval by its board of directors of a new authorization to buy back shares of six billion dollars, supplementing the previous one which had 3.2 billion dollars remaining at the end of the first quarter of its 2022 fiscal year.
Additionally, the board approved an 8.3% increase in the quarterly cash dividend to $0.26 per share, marking its fifth consecutive annual increase. The dividend is payable on June 16 to shareholders of record as of May 26.
“These actions demonstrate Applied Materials’ confidence in our ability to generate strong cash flow and attractive returns for shareholders,” said Gary Dickerson, CEO of the semiconductor industry supplier.
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