AMAT raises dividend 25%
AMAT $Applied Materials(AMAT)$ raises dividend 25%
From $0.32 to $0.40 per share / quarter
“The quarterly cash dividend is a key component of Applied’s capital allocation strategy.
Today’s announcement marks the seventh consecutive year that Applied has raised its dividend”
AMAT FCF/share
Healthy for this latest raise
AMAT FY23 completed
FCF/share up 71% (working capital largest contributor)
Since FY18 dividend/share +14% CAGR
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AMAT share count and buybacks
Since FY18
4% share reduction CAGR
$20 B in buybacks
Current market cap $120 B
Current buyback authorization ~$12.7 B (>10% mkt cap)
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AMAT is cash positive at the end of FY23
even after returning "$3.16 billion to shareholders including $2.19 billion in share repurchases and $975 million in dividends"
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https://twitter.com/DividendWave/status/1767169204543771114
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