Applied Materials, Inc. to Issue Quarterly Dividend of $0.20 (AMAT)

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Applied Materials, Inc. (NASDAQ:AMAT) declared a quarterly dividend on Friday, December 7th, RTT News reports. Investors of record on Thursday, February 21st will be paid a dividend of 0.20 per share by the manufacturing equipment provider on Thursday, March 14th. This represents a $0.80 annualized dividend and a yield of 2.38%.

Applied Materials has a payout ratio of 18.0% meaning its dividend is sufficiently covered by earnings. Research analysts expect Applied Materials to earn $4.18 per share next year, which means the company should continue to be able to cover its $0.80 annual dividend with an expected future payout ratio of 19.1%.

Applied Materials stock opened at $33.64 on Friday. Applied Materials has a 1-year low of $30.53 and a 1-year high of $62.40. The firm has a market capitalization of $34.10 billion, a price-to-earnings ratio of 7.56, a price-to-earnings-growth ratio of 1.14 and a beta of 1.66. The company has a debt-to-equity ratio of 0.78, a quick ratio of 1.73 and a current ratio of 2.64.

Applied Materials (NASDAQ:AMAT) last released its quarterly earnings data on Thursday, November 15th. The manufacturing equipment provider reported $0.97 earnings per share for the quarter, meeting analysts’ consensus estimates of $0.97. Applied Materials had a net margin of 19.20% and a return on equity of 62.56%. The firm had revenue of $4.01 billion for the quarter, compared to analyst estimates of $4 billion. Equities research analysts predict that Applied Materials will post 3.54 EPS for the current year.

A number of research analysts have weighed in on the stock. B. Riley dropped their price objective on shares of Applied Materials from $70.00 to $63.00 and set a “buy” rating on the stock in a research note on Friday, August 17th. Wells Fargo & Co dropped their price objective on shares of Applied Materials from $65.00 to $60.00 and set an “outperform” rating on the stock in a research note on Friday, August 17th. Citigroup dropped their price objective on shares of Applied Materials from $73.00 to $68.00 and set a “buy” rating on the stock in a research note on Friday, August 17th. Susquehanna Bancshares reaffirmed a “neutral” rating and issued a $38.00 price objective (down from $60.00) on shares of Applied Materials in a research note on Tuesday, October 23rd. Finally, Royal Bank of Canada reaffirmed a “hold” rating and issued a $50.00 price objective on shares of Applied Materials in a research note on Friday, August 17th. One equities research analyst has rated the stock with a sell rating, eleven have given a hold rating, thirteen have given a buy rating and one has given a strong buy rating to the company’s stock. The company currently has a consensus rating of “Buy” and an average target price of $52.14.

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About Applied Materials

Applied Materials, Inc engages in the provision of materials engineering solutions used to produce new chip and advanced display. It operates through the following segments: Semiconductor Systems, Applied Global Services, and Display and Adjacent Markets. The Semiconductor Systems segment includes semiconductor capital equipment for deposition, etch, ion implantation, rapid thermal processing, chemical mechanical planarization, metrology and inspection, and wafer level packaging.

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Dividend History for Applied Materials (NASDAQ:AMAT)

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