Tags: US | Applied | Buyback

Applied Materials Boosts Dividend, Plans Buyback

Monday, 08 Mar 2010 12:09 PM

Chip manufacturing equipment maker Applied Materials Inc. said Monday its board has approved a plan to repurchase up to $2 billion of its shares over the next three years.

The company also raised its regular quarterly dividend by 17 percent, or 1 cent, to 7 cents.

The dividend is payable on June 16 to shareholders of record as of May 26.

As of Jan. 31, Applied Materials had about 1.34 billion shares outstanding.

Shares rose 6 cents to $12.35 in morning trading.

© Copyright 2015 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.

1Like our page
2Share
 

Newsmax, Moneynews, Newsmax Health, and Independent. American. are registered trademarks of Newsmax Media, Inc. Newsmax TV, and Newsmax World are trademarks of Newsmax Media, Inc.

 
NEWSMAX.COM
America's News Page
©  Newsmax Media, Inc.
All Rights Reserved