Quarterly Dividend Announcement
Marvell Technology, Inc., listed on NASDAQ as MRVL, has announced a quarterly dividend of $0.06 per share of common stock. This dividend will be payable on October 31, 2024, to shareholders who are recorded as of October 11, 2024.
Significance of Dividend Payments
Regular dividend payments, such as this one from Marvell Technology, indicate financial stability and demonstrate the company's commitment to providing consistent income streams to its investors. By issuing dividends, Marvell is not only returning value directly to its shareholders but also signaling confidence in its ongoing financial strategy.
Marvell's Financial Strategy
The company's decision to maintain a quarterly dividend payout reflects its strategy to balance reinvestment in growth opportunities with delivering direct returns to investors. This approach is crucial for maintaining a strong relationship with shareholders and ensuring long-term financial growth.
Understanding Dividend Terms
- Dividend: A portion of a company's earnings distributed to shareholders. Example: Marvell's $0.06 per share.
- Record Date: The cut-off date to be eligible for the dividend. Example: October 11, 2024.
- Payment Date: The day shareholders receive their dividend. Example: October 31, 2024.
Frequently Asked Questions
What is the amount of Marvell Technology's quarterly dividend for October 2024?
The company has declared a quarterly dividend of $0.06 per share.When is the payment date for this dividend?
Payments will be made on October 31, 2024.What is the record date for eligibility?
Shareholders must be recorded by October 11, 2024.
- How often are dividends paid by Marvell Technology?
They follow a quarterly basis for dividend payments.
Company Overview
Marvell Technology, Inc. operates within the semiconductor industry and is headquartered in Wilmington, USA. With a market cap of $63.97 billion, the company is primarily owned by institutional investors, holding 91.78% of shares, highlighting its large-scale investor trust and confidence. This robust institutional backing is key to its stability in the competitive semiconductor sector.
