Chip maker Applied Materials Inc. AMAT, +0.87% 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 SPX, -0.53% has gained 0.4%.