Marvell Technology, Inc. (MRVL) to Issue Quarterly Dividend of $0.06 on April 30th

Marvell Technology, Inc. (NASDAQ:MRVL) declared a quarterly dividend on Wednesday, March 18th. Stockholders of record on Friday, April 10th will be given a dividend of 0.06 per share by the semiconductor company on Thursday, April 30th. This represents a c) annualized dividend and a dividend yield of 0.3%. The ex-dividend date is Friday, April 10th.

Marvell Technology has a dividend payout ratio of 6.7% indicating that its dividend is sufficiently covered by earnings. Equities 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 Stock Down 1.8%

Shares of Marvell Technology stock traded down $1.61 during midday trading on Friday, hitting $87.92. The company had a trading volume of 25,532,778 shares, compared to its average volume of 17,005,000. Marvell Technology has a 52-week low of $47.08 and a 52-week high of $102.77. The company has a debt-to-equity ratio of 0.28, a quick ratio of 1.58 and a current ratio of 2.01. The stock has a market capitalization of $76.87 billion, a P/E ratio of 28.54, a P/E/G ratio of 0.80 and a beta of 1.97. The company has a 50 day moving average of $81.96 and a 200 day moving average of $83.10.

Marvell Technology (NASDAQ:MRVL) last announced its quarterly earnings data on Thursday, March 5th. The semiconductor company reported $0.80 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.79 by $0.01. Marvell Technology had a return on equity of 14.22% and a net margin of 32.58%.The business had revenue of $2.22 billion during the quarter, compared to analysts’ expectations of $2.21 billion. During the same quarter in the previous year, the business earned $0.60 earnings per share. The firm’s quarterly revenue was up 22.1% compared to the same quarter last year. Marvell Technology has set its Q1 2027 guidance at 0.740-0.840 EPS. On average, equities analysts predict that Marvell Technology will post 0.91 earnings per share for the current fiscal year.

Marvell Technology Company Profile

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.