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

Marvell Technology, Inc. (NASDAQ:MRVL) announced a quarterly dividend on Thursday, June 25th. Shareholders of record on Friday, July 10th will be paid a dividend of 0.06 per share by the semiconductor company on Thursday, July 30th. This represents a c) annualized dividend and a dividend yield of 0.1%. The ex-dividend date is Friday, July 10th.

Marvell Technology has a dividend payout ratio of 6.7% meaning its dividend is sufficiently covered by earnings. Analysts expect Marvell Technology to earn $5.11 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 4.7%.

Marvell Technology Stock Performance

MRVL opened at $281.26 on Friday. The business’s 50 day moving average is $214.11 and its 200-day moving average is $132.36. The stock has a market cap of $246.05 billion, a PE ratio of 96.32, a price-to-earnings-growth ratio of 1.81 and a beta of 2.29. The company has a current ratio of 3.28, a quick ratio of 2.66 and a debt-to-equity ratio of 0.27. Marvell Technology has a twelve month low of $61.44 and a twelve month high of $329.88.

Marvell Technology (NASDAQ:MRVL) last issued its quarterly earnings data on Wednesday, May 27th. The semiconductor company reported $0.80 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.80. Marvell Technology had a return on equity of 13.83% and a net margin of 28.99%.The business had revenue of $2.42 billion during the quarter, compared to the consensus estimate of $2.41 billion. During the same period in the previous year, the firm posted $0.62 earnings per share. The business’s revenue was up 27.6% on a year-over-year basis. Marvell Technology has set its Q2 2027 guidance at 0.880-0.980 EPS. On average, analysts predict that Marvell Technology will post 3.07 earnings per share for the current 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.