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 Sept. 11, 2014 to stockholders of record as of Aug. 21, 2014.

Applied Materials expects its proposed business combination with Tokyo Electron Limited to close in the second half of 2014. If the business combination closes before August 21, 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 May 23, 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.