Applied Materials Announces Cash Dividend
SANTA CLARA, Calif., September 8, 2014 - Applied Materials, Inc. today announced that its Board of Directors has approved a quarterly cash dividend of $0.10 per share payable on the company's common stock. The dividend is payable on December 11, 2014 to stockholders of record as of November 20, 2014.
If Applied Materials' proposed business combination with Tokyo Electron Limited closes before November 20, 2014, the record date will be a date before the closing date. In such event, the dividend will be pro-rated, with stockholders receiving $0.001099 per share for each day beginning August 22, 2014, the day after the record date for the previous quarterly dividend, and ending on the record date. The pro-rated dividend, which ensures that stockholders continue to receive dividends at the current rate, will be payable within 60 days of the record date.
Forward-Looking Statements
This press release contains forward-looking statements, including those regarding the proposed business combination between Applied and Tokyo Electron Limited. 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 ability of the parties to consummate the business combination in a timely manner or at all and other risks described in Applied's 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.
About Applied Materials
Applied Materials, Inc. (Nasdaq: AMAT) is the global leader in precision materials engineering solutions for the semiconductor, flat panel display and solar photovoltaic industries. Our technologies help make innovations like smartphones, flat screen TVs and solar panels more affordable and accessible to consumers and businesses around the world. Learn more at www.appliedmaterials.com.
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Contact:
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Michael Sullivan (financial community) 408.986.7977