AMAT Applied Materials Inc

Applied Materials, Inc. today announced that its Board of Directors has approved a quarterly cash dividend of $0.32 per share payable on the company’s common stock. The dividend is payable on March 14, 2024 to shareholders of record as of Feb. 22, 2024.

The quarterly cash dividend is a key component of Applied’s capital allocation strategy. In fiscal 2023, Applied distributed $3.16 billion to shareholders through dividends and share repurchases. The company had approximately $12.7 billion remaining in its share buyback authorization at the end of that period.

About Applied MaterialsApplied Materials, Inc. (Nasdaq: AMAT) is the leader in materials engineering solutions used to produce virtually every new chip and advanced display in the world. Our expertise in modifying materials at atomic levels and on an industrial scale enables customers to transform possibilities into reality. At Applied Materials, our innovations make possible a better future. Learn more at www.appliedmaterials.com.

Contact:Ricky Gradwohl (editorial/media) 408.235.4676Michael Sullivan (financial community) 408.986.7977