NVIDIA Corporation (NASDAQ:NVDA) Raises Dividend to $0.25 Per Share

NVIDIA Corporation (NASDAQ:NVDA – Get Free Report) announced a quarterly dividend on Wednesday, May 20th. Shareholders of record on Thursday, June 4th will be paid a dividend of 0.25 per share by the computer hardware maker on Friday, June 26th. This represents a c) annualized dividend and a yield of 0.4%. The ex-dividend date is Thursday, June 4th. This is a 2,400.0% increase from NVIDIA’s previous quarterly dividend of $0.01.

NVIDIA has increased its dividend payment by an average of 0.1%annually over the last three years and has raised its dividend annually for the last 1 consecutive years. NVIDIA has a dividend payout ratio of 0.7% indicating that its dividend is sufficiently covered by earnings. Analysts expect NVIDIA to earn $10.51 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 0.4%.

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NVIDIA Stock Up 1.3%

Shares of NVDA opened at $223.47 on Thursday. The company has a current ratio of 3.91, a quick ratio of 3.24 and a debt-to-equity ratio of 0.05. NVIDIA has a 12 month low of $129.16 and a 12 month high of $236.54. The stock’s 50 day moving average is $194.82 and its two-hundred day moving average is $188.75. The firm has a market cap of $5.41 trillion, a P/E ratio of 45.61, a PEG ratio of 0.69 and a beta of 2.25.

NVIDIA (NASDAQ:NVDA – Get Free Report) last issued its quarterly earnings data on Wednesday, May 20th. The computer hardware maker reported $1.87 EPS for the quarter, beating the consensus estimate of $1.76 by $0.11. NVIDIA had a return on equity of 97.37% and a net margin of 55.60%.The company had revenue of $81.62 billion for the quarter, compared to analyst estimates of $78.42 billion. During the same period last year, the company earned $0.81 earnings per share. NVIDIA’s quarterly revenue was up 85.2% compared to the same quarter last year. Analysts predict that NVIDIA will post 7.85 earnings per share for the current fiscal year.

NVIDIA announced that its Board of Directors has approved a stock repurchase plan on Wednesday, May 20th that allows the company to repurchase $80.00 billion in outstanding shares. This repurchase authorization allows the computer hardware maker to repurchase up to 1.5% of its shares through open market purchases. Shares repurchase plans are usually an indication that the company’s management believes its shares are undervalued.

About NVIDIA

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NVIDIA Corporation, founded in 1993 and headquartered in Santa Clara, California, is a global technology company that designs and develops graphics processing units (GPUs) and system-on-chip (SoC) technologies. Co-founded by Jensen Huang, who serves as president and chief executive officer, along with Chris Malachowsky and Curtis Priem, NVIDIA has grown from a graphics-focused chipmaker into a broad provider of accelerated computing hardware and software for multiple industries.

The company’s product portfolio spans discrete GPUs for gaming and professional visualization (marketed under the GeForce and NVIDIA RTX lines), high-performance data center accelerators used for AI training and inference (including widely adopted platforms such as the A100 and H100 series), and Tegra SoCs for automotive and edge applications.

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