Why Applied Materials (AMAT) Deserves a Spot Among Cheap Dividend Stocks

Applied Materials, Inc. (NASDAQ:AMAT) is included among the 13 Incredibly Cheap Dividend Stocks to Invest in.

Applied Materials, Inc. (NASDAQ:AMAT) supplies equipment, software, and services that help manufacturers produce semiconductors and display panels. Its core offerings include systems for wafer fabrication, tools for display production, and a wide range of engineering support.

Applied Materials, Inc. (NASDAQ:AMAT)’s performance relies on several key factors. It needs to stay ahead in materials engineering, maintain strong ties with customers, manage its global supply chain effectively, adapt to regulatory changes, and continue investing in its workforce. In the third quarter, Applied Materials allocated $901 million to research and development, backing advancements in chip technologies such as gate-all-around transistors and next-generation memory.

On September 12, Applied Materials, Inc. (NASDAQ:AMAT) declared a quarterly dividend of $0.46 per share, which was in line with its previous dividend. Overall, the company has raised its payouts for eight years in a row, which makes it one of the best dividend stocks on our list. The stock has a dividend yield of 0.97%, as of September 19.

READ NEXT: 13 Best High Dividend Stocks to Buy Under $100 and Dividend Stock Portfolio For Income: 12 Stocks to Buy Now.

Disclosure: None.