Dallas, Texas 05/22/2014 (FINANCIALSTRENDS) – Applied Materials, Inc (NASDAQ:AMAT) will start trading ex-dividend on 20 May, 2014. The cash dividend payment of $0.1/ share is slated to be paid on 12 June 2014. Shareholders who have acquired the AMAT stock before its ex-dividend date are now eligible for the cash-dividend payment. This now marks the 5th-quarter that the company has paid that same-dividend. At the company’s current stock-price of $20.21, its dividend yield is 1.98%.
Applied Materials provided its guidance for the financial Q3 sales that topped the lower end of the analysts’ estimates as its market share & the demand for display-making machinery rebounds. The revenue in this period that ends July will be $2.24B to $2.35B based on Applied Materials, prediction for the sales to be down 5% to flat in comparison to the previous quarter. The analysts had projected $2.16B – $2.46 billion and the average of $2.32B. Profit before some items will be 25 cents- 29 cents a share, said the company in its statement, in comparison to the average estimate of 27 cents.
Applied Materials, Inc (NASDAQ:AMAT) is now benefiting from the demand for machines that are used to manufacture flat-panel displays, unlike most of its rivals t who do not have any presence in this business. The company’s orders in the quarter that had ended in 2014 April climbed to $340M in the quarter, up from the $79M that they stood at in the previous 3 months as the TV-screen makers now add capacity.
What AMAT does
Applied Materials, Inc (NASDAQ:AMAT) provides various manufacturing equipment, services as well as software to the international semiconductor, as well as flat panel display, solar photovoltaic & the related industries. The company has customers like manufacturers of the semiconductor wafers & chips, flat panel- liquid and crystal displays & solar PV cells as well as modules, and many other electronic devices.