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Applied Materials (NASDAQ: AMAT ) has declared a larger quarterly dividend. The company is to pay $0.10 per share of its stock on June 13 to shareholders of record as of May 23. This represents an 11% increase, or $0.01, over the previous distribution of $0.09 paid in each of the company's preceding four quarters. Before that, the disbursement was $0.08.
Applied Materials is a habitual dividend payer and in recent times has tended to raise its dividend incrementally once per year.
The new dividend annualizes to $0.40 per share, which yields 2.9% at the company's current stock price of $13.74.