Applied Materials, Inc. (NASDAQ:AMAT) has announced that its Board of Directors has approved a 17% in it’s quarterly cash dividend. The dividend is now $0.07 per share. The dividend is payable to stockholders of record as of May 26, 2010. It will be payable on June 16, 2010. The dividend was previously $0.06 per share. The company’s board has also approved a new stock repurchase program that authorizes a $2 billion repurchase over the next three years ending March 2013. Applied Materials as 1.34 billion shares of common stock outstanding as of January 31, 2010.
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Applied Materials, Inc. (Applied) provides Nanomanufacturing Technology solutions for the global semiconductor, flat panel display, solar and related industries, with a portfolio of equipment, service and software products. The Company’s customers include manufacturers of semiconductor wafers and chips, flat panel liquid crystal displays, solar photovoltaic cells and modules (solar PVs), and other electronic devices. It operates in four segments: Silicon, Applied Global Services, Display, and Energy and Environmental Solutions. Applied’s Silicon Systems Group (SSG) develops, manufactures and sells a range of manufacturing equipment used to fabricate semiconductor chips, also referred to as integrated circuits (ICs). The services and products offered by the Applied Global Services segment include Fab Services, Mature Technology Services, Automation Systems and Abatement Systems. In December 2009, Applied Materials, Inc. acquired Semitool, Inc.
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