By Colin Kellaher
Applied Materials' board has raised the semiconductor equipment maker's quarterly dividend by 25%, to 40 cents a share from 32 cents.
The new quarterly payout, equal to $1.60 a year, represents an annual yield of 0.78% based on Friday's closing price of $205.56, up from 0.62%.
The Santa Clara, Calif., company on Monday said the increased dividend is payable June 13 to shareholders of record as of May 23.
Write to Colin Kellaher at colin.kellaher@wsj.com
(END) Dow Jones Newswires
03-11-24 0753ET