NVIDIA Corporation (NASDAQ:NVDA) to Issue $0.01 Quarterly Dividend

NVIDIA Corporation (NASDAQ:NVDA) announced a quarterly dividend on Wednesday, November 19th. Investors of record on Thursday, December 4th will be given a dividend of 0.01 per share by the computer hardware maker on Friday, December 26th. This represents a c) dividend on an annualized basis and a dividend yield of 0.0%. The ex-dividend date of this dividend is Thursday, December 4th.

NVIDIA has raised its dividend by an average of 0.1%annually over the last three years and has increased its dividend every year for the last 1 years. NVIDIA has a payout ratio of 0.7% indicating that its dividend is sufficiently covered by earnings. Analysts expect NVIDIA to earn $3.98 per share next year, which means the company should continue to be able to cover its $0.04 annual dividend with an expected future payout ratio of 1.0%.

NVIDIA Price Performance

Shares of NVIDIA stock opened at $186.52 on Thursday. The firm has a market cap of $4.53 trillion, a PE ratio of 53.14, a PEG ratio of 1.49 and a beta of 2.11. The stock has a 50 day moving average of $186.37 and a 200 day moving average of $167.48. The company has a current ratio of 4.21, a quick ratio of 3.60 and a debt-to-equity ratio of 0.08. NVIDIA has a 12 month low of $86.62 and a 12 month high of $212.19.

NVIDIA (NASDAQ:NVDA) last issued its quarterly earnings data on Wednesday, November 19th. The computer hardware maker reported $1.30 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.23 by $0.07. The business had revenue of $57.01 billion for the quarter, compared to analysts’ expectations of $54.66 billion. NVIDIA had a return on equity of 101.74% and a net margin of 52.41%.The company’s revenue for the quarter was up 62.5% on a year-over-year basis. During the same period in the prior year, the firm earned $0.81 EPS. NVIDIA has set its Q4 2026 guidance at EPS. On average, research analysts expect that NVIDIA will post 2.77 EPS for the current fiscal year.

Analysts Set New Price Targets

Several equities analysts have commented on NVDA shares. JPMorgan Chase & Co. increased their price objective on shares of NVIDIA from $215.00 to $250.00 and gave the company an “overweight” rating in a research report on Thursday. Arete increased their price target on shares of NVIDIA from $235.00 to $244.00 and gave the company a “buy” rating in a report on Tuesday, October 14th. Melius Research boosted their price objective on NVIDIA from $300.00 to $320.00 and gave the stock a “buy” rating in a research note on Thursday. Wells Fargo & Company reaffirmed an “overweight” rating and issued a $265.00 price objective (up from $220.00) on shares of NVIDIA in a research note on Friday, November 14th. Finally, Mizuho boosted their target price on NVIDIA from $235.00 to $245.00 and gave the company an “outperform” rating in a research report on Thursday. Five investment analysts have rated the stock with a Strong Buy rating, forty-two have assigned a Buy rating, two have issued a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat.com, the company presently has an average rating of “Buy” and an average target price of $248.66.

About NVIDIA

NVIDIA Corporation provides graphics and compute and networking solutions in the United States, Taiwan, China, Hong Kong, and internationally. The Graphics segment offers GeForce GPUs for gaming and PCs, the GeForce NOW game streaming service and related infrastructure, and solutions for gaming platforms; Quadro/NVIDIA RTX GPUs for enterprise workstation graphics; virtual GPU or vGPU software for cloud-based visual and virtual computing; automotive platforms for infotainment systems; and Omniverse software for building and operating metaverse and 3D internet applications.