Applied Materials has declared a larger quarterly dividend. The company is to pay $0.10 per share of its stock on June 13 to shareholders of record as of May 23. This represents an 11% increase, or $0.01, over the previous distribution of $0.09 paid in each of the company's preceding four quarters. Before that, the disbursement was $0.08.

Applied Materials is a habitual dividend payer and in recent times has tended to raise its dividend incrementally once per year.

The new dividend annualizes to $0.40 per share, which yields 2.9% at the company's current stock price of $13.74.

The article Applied Materials Announces Dividend Boost originally appeared on Fool.com.

Fool contributor Eric Volkman and The Motley Fool have no position in Applied Materials. Try any of our Foolish newsletter services free for 30 days. We Fools don't all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.

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