NVIDIA Corporation (NASDAQ:NVDA) to Issue $0.01 Quarterly Dividend

NVIDIA Corporation (NASDAQ:NVDA) announced a quarterly dividend on Wednesday, February 25th. Shareholders 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) dividend on an annualized basis and a dividend yield of 0.0%. The ex-dividend date is Wednesday, March 11th.

NVIDIA has raised its dividend payment by an average of 0.1%per year over the last three years and has increased its dividend annually for the last 1 consecutive years. NVIDIA has a payout ratio of 0.7% meaning its dividend is sufficiently covered by earnings. Research 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 Stock Performance

Shares of NASDAQ NVDA traded down $8.27 during midday trading on Thursday, hitting $187.29. 163,645,601 shares of the company’s stock traded hands, compared to its average volume of 170,452,563. The firm has a fifty day moving average of $186.30 and a 200 day moving average of $183.88. NVIDIA has a 1 year low of $86.62 and a 1 year high of $212.19. The company has a debt-to-equity ratio of 0.06, a quick ratio of 3.71 and a current ratio of 4.47. The stock has a market capitalization of $4.55 trillion, a price-to-earnings ratio of 46.50, a price-to-earnings-growth ratio of 0.58 and a beta of 2.31.

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

NVIDIA Company Profile

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.