07:45 AM EDT, 03/10/2025 (MT Newswires) -- Applied Materials ( AMAT ) said Monday its board has approved a 15% increase in the company's quarterly cash dividend to $0.46 per share, payable on June 12 to shareholders of record as of May 22.

The board also authorized a new $10 billion buyback of its shares over time, adding to a previous authorization with about $7.6 billion remaining at the end of fiscal Q1.