Applied Materials, Inc. today declared that its Board of Directors has affirmed an expansion in the quarterly money profit from $0.21 to $0.22 per share payable on the organization’s basic stock. The profit is payable on June 11, 2020 to investors of record as of May 21, 2020.
“We are increasing the dividend based on our strong cash flow performance and ongoing commitment to return capital to shareholders,” said Gary Dickerson, president and CEO. “We believe the AI-Big Data era will create exciting long-term growth opportunities for Applied Materials.”
The quarterly money profit is a key part of Applied’s capital assignment system, and this denotes the third back to back year of profit increments. In the principal quarter of financial 2020, Applied returned $392 million to investors through profits and offer repurchases. The organization had around $1.7 billion staying in its offer buyback approval toward the finish of that period.
Forward-Looking StatementsThis public statement contains forward-looking articulations, including those in regards to our present perspective on our businesses and vital position, capital sending procedure and responsibility, and different explanations that are not chronicled realities. These announcements and their basic presumptions are liable to dangers and vulnerabilities and are not assurances of future execution.
Elements that could make genuine outcomes vary really from those communicated or suggested by such proclamations incorporate, without impediment: the degree of interest for our items; worldwide monetary and industry conditions; the impacts of provincial or worldwide wellbeing pestilences; worldwide exchange issues and changes exchange approaches; purchaser interest for electronic items; the interest for semiconductors; clients’ innovation and limit prerequisites; the presentation of new and inventive advances, and the planning of innovation advances; our capacity to create, convey and bolster new items and advances; the concentrated idea of our client base; changes in personal duty laws; our capacity to extend our present markets, increment piece of the overall industry and grow new markets; advertise acknowledgment of existing and recently created items; our capacity to get and ensure protected innovation rights in key advances; our capacity to accomplish the destinations of operational and key activities, adjust our assets and cost structure with business conditions, and pull in, persuade and hold key workers; the changeability of working costs and results among items and fragments, and our capacity to precisely figure future outcomes, economic situations, client necessities and business needs; and different dangers and vulnerabilities depicted in our SEC filings, including our latest Forms 10-Q and 8-K.
All forward-looking articulations depend on the executives’ present evaluations, projections and suspicions, and they accept no commitment to refresh them.
About Applied MaterialsApplied Materials, Inc. (Nasdaq: AMAT) is the pioneer in materials building arrangements used to create for all intents and purposes each new chip and propelled show on the planet.
Our skill in adjusting materials at nuclear levels and on a mechanical scale empowers clients to change prospects into the real world. At Applied Materials, our advancements make conceivable the innovation forming what’s to come.
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