Applied Materials Announces Cash Dividend

Applied Materials, Inc. announced that its Board of Directors has approved a quarterly cash dividend of $0.10 per share payable on the company’s common stock. The dividend is payable on Dec. 11, 2014 to stockholders of record as of Nov. 20, 2014.

If Applied Materials’ proposed business combination with Tokyo Electron Limited closes before Nov. 20, 2014, the record date will be a date before the closing date. In such event, the dividend will be pro-rated, with stockholders receiving $0.001099 per share for each day beginning Aug. 22, 2014, the day after the record date for the previous quarterly dividend, and ending on the record date. The pro-rated dividend, which ensures that stockholders continue to receive dividends at the current rate, will be payable within 60 days of the record date.