Applied Materials (AMAT 2.98%) has elected to maintain its quarterly dividend policy by declaring a payout of $0.10 per share of its common stock. This will be paid on September 12 to shareholders of record as of August 22. That amount matches the firm's previous distribution, which was handed out last week. Prior to that, Applied Materials was one cent less generous, dispensing $0.09 per share.
The company habitually pays quarterly dividends, but it is cautious in raising those distributions. Since mid-2005, it has slowly lifted its payout from $0.03 to the present level.
The just-declared dividend annualizes to $0.40 per share. That yields 2.5% at Applied Materials' most recent closing stock price of $15.97.
