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Applied Materials Boosts Dividend to 8 Cents a Share

Applied Materials will increase its quarterly cash dividend to 8 cents a share from 7 cents a share, the company said Tuesday.

Applied Materials
Source: Applied Materials
Applied Materials

The dividends will be payable on June 22 to stockholders of record as of June 1.

Mike Splinter, chairman and chief executive officer of Applied Materials, cited an increased cash flow for the company.

Shares of Applied Materials have shown a general increase since August 2010, but were down slightly Tuesday. Get real-time quotes for Applied Materials here.