NVIDIA Corporation (NASDAQ:NVDA) Plans Quarterly Dividend of $0.01

NVIDIA Corporation (NASDAQ:NVDA) announced a quarterly dividend on Wednesday, February 25th. Stockholders of record on Wednesday, March 11th will be given a dividend of 0.01 per share by the computer hardware maker on Wednesday, April 1st. This represents a c) annualized dividend and a dividend yield of 0.0%. The ex-dividend date is Wednesday, March 11th.

NVIDIA has increased its dividend payment by an average of 0.1%per year over the last three years and has raised its dividend annually for the last 1 consecutive 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 NASDAQ:NVDA traded down $10.14 during trading on Thursday, reaching $185.42. The stock had a trading volume of 103,164,373 shares, compared to its average volume of 169,795,688. The stock has a market capitalization of $4.51 trillion, a PE ratio of 46.18, a P/E/G ratio of 0.58 and a beta of 2.31. The company has a debt-to-equity ratio of 0.06, a current ratio of 4.47 and a quick ratio of 3.71. NVIDIA has a 52 week low of $86.62 and a 52 week high of $212.19. The business’s 50-day moving average price is $186.30 and its 200 day moving average price is $183.88.

NVIDIA (NASDAQ:NVDA) last released its quarterly earnings results on Wednesday, February 25th. The computer hardware maker reported $1.62 earnings per share for the quarter, beating analysts’ consensus estimates of $1.54 by $0.08. The firm had revenue of $68.13 billion during the quarter, compared to analysts’ expectations of $65.56 billion. NVIDIA had a return on equity of 99.24% and a net margin of 53.01%.The business’s revenue was up 73.2% on a year-over-year basis. During the same period last year, the firm posted $0.89 EPS. As a group, equities analysts predict that NVIDIA will post 2.77 earnings per share for the current year.

About NVIDIA

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.