Applied Materials Raises Dividend 15% to $0.53; RTP Market to Hit $3.9B by 2035
Applied Materials’ board approved a 15% quarterly dividend increase to $0.53 per share, payable June 11, 2026 to shareholders of record May 21, marking nine straight years of hikes and an 18% dividend CAGR over the past decade. The global rapid thermal processing market is forecast to grow from $1.77 billion in 2025 to $3.90 billion by 2035 at an 8.27% CAGR.
1. Dividend Increase Details
The Board approved a 15% hike in the quarterly cash dividend from $0.46 to $0.53 per share, payable June 11, 2026 to holders of record as of May 21, 2026.
2. Strong Dividend Growth Track Record
This marks the ninth consecutive annual dividend increase, with Applied Materials more than doubling its per-share payout since 2022 and achieving an 18% compound annual growth rate over the past ten years, while returning nearly 90% of free cash flow to shareholders through dividends and buybacks.
3. Rapid Thermal Processing Market Outlook
The global rapid thermal processing market is projected to expand from $1.77 billion in 2025 to $3.90 billion by 2035 at an 8.27% CAGR, with North America expected to grow fastest at a 12.6% annual rate.
4. Implications for Applied Materials
The robust cash flow underpinning the dividend boost demonstrates financial strength, and the anticipated growth in rapid thermal processing equipment suggests rising demand for Applied Materials’ semiconductor manufacturing solutions over the next decade.