AMAT Announces 14% Increase in Cash Dividend

Applied Materials, Inc. (AMAT) today announced that its Board of Directors has approved an increase in the quarterly cash dividend from $0.07 per share to $0.08 per share payable on the company’s common stock.

The dividend is payable on June 22, 2011 to stockholders of record as of June 1, 2011.

AMAT shares are currently flat at $15.96 per share.

Applied Materials, Inc. provides nanomanufacturing technology solutions for the semiconductor, flat panel display, solar, and related industries worldwide. The co. was founded in 1967 and is headquartered in Santa Clara, California.

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