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Applied Materials raises quarterly cash dividend to 21 cents a share from 20 cents

Ciara Linnane

Chip maker Applied Materials Inc. said Friday it's raising its quarterly cash dividend to 21 cents from 20 cents a share. The new dividend will be payable June 13 to shareholders of record as of May 23. Shares fell 1.3% in premarket trade, and are down 36.7% in the last 12 months, while the S&P 500 has gained 0.4%.