GlobeNewswire Inc | Aug 31, 2020 04:15PM EDT

August 31, 2020

SANTA CLARA, Calif., Aug. 31, 2020 (GLOBE NEWSWIRE) -- Applied Materials, Inc. today announced that its Board of Directors has approved a quarterly cash dividend of $0.22 per share payable on the companys common stock. The dividend is payable on Dec. 10, 2020 to shareholders of record as of Nov. 19, 2020.

The quarterly cash dividend is a key component of Applieds capital allocation strategy. In the third quarter of fiscal 2020, Applied returned$402 millionto shareholders through dividends and share repurchases. The company had approximately $1.3 billion remaining in its share buyback authorization at the end of that period.

About Applied MaterialsApplied Materials, Inc. (Nasdaq: AMAT) is the leader in materials engineering solutions used to produce virtually every new chip and advanced display in the world. Our expertise in modifying materials at atomic levels and on an industrial scale enables customers to transform possibilities into reality. At Applied Materials, our innovations make possible the technology shaping the future. Learn more at www.appliedmaterials.com.

Contact:Ricky Gradwohl (editorial/media) 408.235.4676Michael Sullivan (financial community) 408.986.7977