02-14-2018, 10:28 PM
(This post was last modified: 02-14-2018, 10:30 PM by crimsonghost747.)
This has been coming for a long time. AMAT has been doing exceptionally well recently and with low debt levels, the money has to go somewhere. I was expecting either a big acquisition or this... but this is more to my liking. 
"Applied’s Board of Directors has approved a doubling of the quarterly cash dividend on the company's common stock to $0.20 per share. The Board declared that a dividend of $0.20 per share will be payable on June 14, 2018 to shareholders of record as of May 24, 2018. As previously announced, a cash dividend of $0.10 per share will be paid on March 14, 2018 to shareholders of record as of February 21, 2018.
The Board also approved a new $6.0 billion share repurchase authorization. This new authorization is incremental to $2.8 billion remaining in the previously approved authorization."
Btw that is a total of $8.8 billion of repurchase authorizations for a company with a market cap of $55 billion... good times ahead?
"Applied’s Board of Directors has approved a doubling of the quarterly cash dividend on the company's common stock to $0.20 per share. The Board declared that a dividend of $0.20 per share will be payable on June 14, 2018 to shareholders of record as of May 24, 2018. As previously announced, a cash dividend of $0.10 per share will be paid on March 14, 2018 to shareholders of record as of February 21, 2018.
The Board also approved a new $6.0 billion share repurchase authorization. This new authorization is incremental to $2.8 billion remaining in the previously approved authorization."
Btw that is a total of $8.8 billion of repurchase authorizations for a company with a market cap of $55 billion... good times ahead?