Applied Materials Inc. announced Thursday that its board of directors had approved a new $2 billion stock-repurchase plan, coming on the heels of a $3 billion repurchase plan. The chip-equipment company also approved a quarterly dividend of 10 cents a share, payable on Sept. 15 to shareholders of record as of Aug. 25. The previous $3 billion repurchase plan was announced in April 2015, when Applied Materials gave up its planned blockbuster merger with Tokyo Electron. Applied Materials shares gained about 1% in late trading Thursday after the announcement.
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