Applied Materials, Inc. announced that its Board of Directors has approved a 15% increase in the quarterly cash dividend, raising it from $0.40 to $0.46 per share. This marks the eighth consecutive year that the company has increased its dividend, reflecting a consistent commitment to shareholder returns.
The increased dividend is payable on June 12, 2025, to shareholders of record as of May 22, 2025. This move is a key component of Applied Materials' capital allocation strategy, which has seen the company distribute nearly 90% of its free cash flow to shareholders over the past decade.
In addition to the dividend increase, the Board also approved a new share repurchase authorization of $10 billion. This new authorization supplements a previous program that had approximately $7.6 billion remaining at the end of the first quarter of fiscal 2025, indicating strong confidence in the company's business prospects and its ability to generate excess cash.
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