Applied Materials Declares Fresh Dividend
Jun 18th 2013 7:42PM
Updated Jun 18th 2013 9:30PM
Applied Materials has elected to maintain its quarterly dividend policy by declaring a payout of $0.10 per share of its common stock. This will be paid on September 12 to shareholders of record as of August 22. That amount matches the firm's previous distribution, which was handed out last week. Prior to that, Applied Materials was one cent less generous, dispensing $0.09 per share.
The company habitually pays quarterly dividends, but it is cautious in raising those distributions. Since mid-2005, it has slowly lifted its payout from $0.03 to the present level.
The just-declared dividend annualizes to $0.40 per share. That yields 2.5% at Applied Materials' most recent closing stock price of $15.97.
The article Applied Materials Declares Fresh Dividend originally appeared on Fool.com.Fool contributor Eric Volkman has no position in Applied Materials, and neither does The Motley Fool. Try any of our Foolish newsletter services free for 30 days. We Fools may not 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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