Applied Materials Announces Increased Cash Dividend and $3 Billion Share Repurchase Authorization
(Thomson Reuters ONE) -
SANTA CLARA, Calif., March 5, 2012 - Applied Materials, Inc. (NASDAQ:AMAT), the
world's leading supplier of manufacturing solutions for the semiconductor,
display and solar industries, today announced that its Board of Directors has
approved a 13% increase in the quarterly cash dividend to $0.09 per share,
payable on June 14, 2012 to stockholders of record as of May 24, 2012.
Applied's Board also approved a new stock repurchase program authorizing up to
$3 billion in repurchases over the next three years ending in March 2015.
Applied's current stock repurchase program, begun in 2010, has less than $1.0
billion remaining and will terminate concurrent with the start of the new
repurchase program.
"Applied had record revenue and cash flows in FY 2011, and today's dividend
increase demonstrates confidence in our ability to continue to deliver strong
cash flow performance across our business cycles," said Mike Splinter, chairman
and chief executive officer. "Both the dividend and the share repurchase program
demonstrate our ongoing commitment to return capital to our shareholders, while
we continue to invest in the long-term growth of our businesses."
As of January 29, 2012, Applied Materials had approximately 1.3 billion shares
of common stock outstanding.
Forward-Looking Statements. This press release contains forward-looking
statements, including statements regarding Applied's financial position, cash
flow performance, capital allocation, and investment and growth strategies.
These statements are subject to known and unknown risks and uncertainties that
could cause actual results to differ materially from those expressed or implied
by such statements, including but not limited to: the level of demand for
Applied's products, which is subject to many factors, including uncertain global
economic and industry conditions, demand for electronic products and
semiconductors, and customers' new technology and capacity requirements; the
concentrated nature of Applied's customer base; Applied's ability to (i)
develop, deliver and support a broad range of products and expand its markets,
(ii) timely align its cost structure with business conditions, (iii) plan and
manage its resources and production capability, including its supply chain,
(iv) implement initiatives that enhance global operations and efficiencies, (v)
effectively integrate acquired businesses, (vi) obtain and protect intellectual
property rights in key technologies, and (vii) attract, motivate and retain key
employees; and other risks described in Applied Materials' SEC filings. All
forward-looking statements are based on management's estimates, projections and
assumptions as of the date hereof. The company undertakes no obligation to
update any forward-looking statements.
Applied Materials, Inc. (Nasdaq:AMAT) is the global leader in providing
innovative equipment, services and software to enable the manufacture of
advanced semiconductor, flat panel display and solar photovoltaic products. Our
technologies help make innovations like smartphones, flat screen TVs and solar
panels more affordable and accessible to consumers and businesses around the
world. At Applied Materials, we turn today's innovations into the industries of
tomorrow. Learn more at www.appliedmaterials.com.
Contacts:
Howard Clabo (editorial/media) 408.748.5775, howard_clabo(at)amat.com
Michael Sullivan (financial community) 408.986.7977, michael_sullivan(at)amat.com
This announcement is distributed by Thomson Reuters on behalf of
Thomson Reuters clients. The owner of this announcement warrants that:
(i) the releases contained herein are protected by copyright and
other applicable laws; and
(ii) they are solely responsible for the content, accuracy and
originality of the information contained therein.
Source: Applied Materials via Thomson Reuters ONE
[HUG#1591455]
Unternehmensinformation / Kurzprofil:
Datum: 05.03.2012 - 22:03 Uhr
Sprache: Deutsch
News-ID 121872
Anzahl Zeichen: 4532
contact information:
Town:
Santa Clara
Kategorie:
Business News
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