Applied Materials, Inc. (AMAT) to Issue Quarterly Dividend of $0.46 on September 11th

Applied Materials, Inc. (NASDAQ:AMAT) announced a quarterly dividend on Tuesday, June 10th, RTT News reports. Shareholders of record on Thursday, August 21st will be paid a dividend of 0.46 per share by the manufacturing equipment provider on Thursday, September 11th. This represents a c) dividend on an annualized basis and a yield of 1.1%. The ex-dividend date of this dividend is Thursday, August 21st.

Applied Materials has a dividend payout ratio of 18.2% indicating that its dividend is sufficiently covered by earnings. Equities analysts expect Applied Materials to earn $10.07 per share next year, which means the company should continue to be able to cover its $1.84 annual dividend with an expected future payout ratio of 18.3%.

Applied Materials Price Performance

Shares of AMAT opened at $163.53 on Tuesday. Applied Materials has a twelve month low of $123.74 and a twelve month high of $215.70. The stock’s 50 day moving average is $184.06 and its two-hundred day moving average is $166.42. The firm has a market capitalization of $131.23 billion, a PE ratio of 19.49, a P/E/G ratio of 1.81 and a beta of 1.70. The company has a current ratio of 2.46, a quick ratio of 1.76 and a debt-to-equity ratio of 0.29.

Applied Materials (NASDAQ:AMAT) last announced its quarterly earnings data on Thursday, August 14th. The manufacturing equipment provider reported $2.48 earnings per share for the quarter, beating analysts’ consensus estimates of $2.36 by $0.12. Applied Materials had a return on equity of 41.31% and a net margin of 23.88%. The company had revenue of $7.30 billion for the quarter, compared to analyst estimates of $7.21 billion. During the same quarter in the previous year, the company earned $2.12 EPS. The firm’s revenue for the quarter was up 7.7% compared to the same quarter last year. Research analysts anticipate that Applied Materials will post 9.38 earnings per share for the current year.

About Applied Materials

Applied Materials, Inc engages in the provision of manufacturing equipment, services, and software to the semiconductor, display, and related industries. The company operates through three segments: Semiconductor Systems, Applied Global Services, and Display and Adjacent Markets. The Semiconductor Systems segment develops, manufactures, and sells various manufacturing equipment that is used to fabricate semiconductor chips or integrated circuits.