Marvell Technology, Inc. (NASDAQ:MRVL) Announces Quarterly Dividend of $0.06

Marvell Technology, Inc. (NASDAQ:MRVL) announced a quarterly dividend on Thursday, March 19th. Shareholders of record on Friday, April 10th will be paid a dividend of 0.06 per share by the semiconductor company on Thursday, April 30th. This represents a c) dividend on an annualized basis and a yield of 0.3%. The ex-dividend date is Friday, April 10th.

Marvell Technology has a dividend payout ratio of 6.7% meaning its dividend is sufficiently covered by earnings. Research analysts expect Marvell Technology to earn $2.00 per share next year, which means the company should continue to be able to cover its $0.24 annual dividend with an expected future payout ratio of 12.0%.

Marvell Technology Price Performance

NASDAQ:MRVL opened at $89.54 on Friday. The business’s 50-day simple moving average is $81.96 and its two-hundred day simple moving average is $83.10. Marvell Technology has a 52 week low of $47.08 and a 52 week high of $102.77. The stock has a market cap of $78.28 billion, a PE ratio of 29.07, a P/E/G ratio of 0.80 and a beta of 1.97. The company has a quick ratio of 1.58, a current ratio of 2.01 and a debt-to-equity ratio of 0.28.

Marvell Technology (NASDAQ:MRVL) last issued its earnings results on Thursday, March 5th. The semiconductor company reported $0.80 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.79 by $0.01. Marvell Technology had a return on equity of 14.22% and a net margin of 32.58%.The company had revenue of $2.22 billion for the quarter, compared to the consensus estimate of $2.21 billion. During the same quarter last year, the company earned $0.60 EPS. The firm’s quarterly revenue was up 22.1% on a year-over-year basis. Marvell Technology has set its Q1 2027 guidance at 0.740-0.840 EPS. As a group, analysts forecast that Marvell Technology will post 0.91 EPS for the current fiscal year.

About Marvell Technology

Marvell Technology Group is a global semiconductor company that designs and develops integrated circuits and related software for data infrastructure, networking, storage and connectivity markets. The company’s product portfolio includes system-on-chip (SoC) solutions, Ethernet physical-layer transceivers (PHYs), switch and switch silicon, optical interconnect components, storage controllers, and security processors. Marvell’s technology is used to enable high-performance data centers, carrier networks, enterprise and cloud storage, as well as connectivity in automotive and industrial applications.

Founded in 1995 and headquartered in Santa Clara, California, Marvell has grown through both organic development and strategic acquisitions to broaden its capabilities across networking and data interconnect.