Applied Materials to pay USD 0.09 p/s dividend on Mar 13

Dec 5, 2012 - US photovoltaics (PV) and semiconductor manufacturing equipment provider Applied Materials Inc (NASDAQ:AMAT) on Tuesday said it would pay a quarterly cash dividend of USD 0.09 (EUR 0.069) per share on March 13.

The pay-out, the same as for the preceding quarter, is to be distributed to shareholders of record as of February 20.

In November, the company reported a net loss of USD 515 million for its fourth fiscal quarter through October 28, against a USD-456-million profit a year earlier on net sales that fell to USD 1.65 billion from USD 2.18 billion. The results included a USD-421-million goodwill impairment charge on the company's energy and environmental solutions division, as well as USD 124 million in charges related to its restructuring plans and the integration of Varian.

In October Applied Materials said it would reduce its workforce by some 900-1,300 as part of a cost cutting plan, aimed at freeing up between USD 140 million (EUR 110.2m) and USD 190 million in annual funds for key growth initiatives. The restructuring is expected to be completed by the end of July 2013.

(USD 1.0 = EUR 0.764)

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