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

Core Insights - Applied Materials, Inc. (NASDAQ:AMAT) is recognized as one of the 13 incredibly cheap dividend stocks to invest in [1] - The company provides essential equipment, software, and services for semiconductor and display panel manufacturing [2] Company Performance Factors - Applied Materials' performance is influenced by its ability to innovate in materials engineering, maintain customer relationships, manage its global supply chain, adapt to regulatory changes, and invest in its workforce [3] - In the third quarter, the company invested $901 million in research and development to advance chip technologies, including gate-all-around transistors and next-generation memory [3] Dividend Information - On September 12, Applied Materials declared a quarterly dividend of $0.46 per share, consistent with previous payouts [4] - The company has increased its dividend payments for eight consecutive years, contributing to its reputation as a strong dividend stock [4] - As of September 19, the stock has a dividend yield of 0.97% [4]