Applied Materials boosts dividend, sets buyback

Semiconductor equipment maker Applied Materials Inc (AMAT.O) said on Monday its board of directors has raised its quarterly dividend 17 percent and set a plan to buy back up to $2 billion in stock.

The company said it would now pay a dividend of 7 cents a share, up from its current payout of 6 cents a share, which represents a yield of about 1.95 percent.

Applied Materials last raised its dividend in March 2007.

Its board also approved a new stock repurchase program authorizing up to $2 billion in repurchases over a period ending in March 2013.

Read Full Article from Reuters

- Posted: 2010-03-08 11:21:01

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