At the end of July 26, 2023, Marvell Tech MRVL will reward its shareholders with a dividend payout of $0.06 per share, demonstrating an annualized dividend yield of 0.39%. Remember, only investors who held the stock before the ex-dividend date on July 06, 2023 will receive this payout.
Marvell Tech Recent Dividend Payouts
| Ex-Date | Payments per year | Dividend | Yield | Announced | Record | Payable |
|---|---|---|---|---|---|---|
| 2023-07-06 | 4 | $0.06 | 0.39% | 2023-06-16 | 2023-07-07 | 2023-07-26 |
| 2023-04-05 | 4 | $0.06 | 0.62% | 2023-03-15 | 2023-04-07 | 2023-04-26 |
| 2023-01-05 | 4 | $0.06 | 0.56% | 2022-12-13 | 2023-01-06 | 2023-01-25 |
| 2022-10-06 | 4 | $0.06 | 0.55% | 2022-09-23 | 2022-10-07 | 2022-10-26 |
| 2022-07-07 | 4 | $0.06 | 0.41% | 2022-06-02 | 2022-07-08 | 2022-07-27 |
| 2022-04-07 | 4 | $0.06 | 0.37% | 2022-03-02 | 2022-04-08 | 2022-04-27 |
| 2022-01-06 | 4 | $0.06 | 0.29% | 2021-12-17 | 2022-01-07 | 2022-01-26 |
| 2021-10-07 | 4 | $0.06 | 0.38% | 2021-09-23 | 2021-10-11 | 2021-10-27 |
| 2021-07-08 | 4 | $0.06 | 0.51% | 2021-06-03 | 2021-07-09 | 2021-07-28 |
| 2021-04-08 | 4 | $0.06 | 0.6% | 2021-03-05 | 2021-04-09 | 2021-04-28 |
| 2020-12-22 | 4 | $0.06 | 0.51% | 2020-12-02 | 2020-12-23 | 2021-01-14 |
| 2020-10-08 | 4 | $0.06 | 0.63% | 2020-09-25 | 2020-10-12 | 2020-10-28 |
Marvell Tech's dividend yield falls in the middle range when compared to its industry peers, with United Microelectronics UMC having the highest annualized dividend yield at 7.99%.
Analyzing Marvell Tech Financial Health
Companies that pay out steady cash dividends are attractive to income-seeking investors, and companies that are financially healthy tend to maintain their dividend payout schedule. For this reason, investors can find it insightful to see if a company has been increasing or decreasing their dividend payout schedule and if their earnings are growing.
YoY Growth in Dividend Per Share
The company has consistently maintained a dividend per share of $0.24 from 2019 to 2022. This unwavering dividend policy instills confidence in investors, as they can rely on a consistent income stream from the company's dividends.
YoY Earnings Growth For Marvell Tech
From 2019 to 2022, Marvell Tech experienced a growth in earnings per share, with an increase from $0.74 to $2.16. This positive earnings trend indicates the company's potential to enhance their cash dividend payout, which can benefit income-seeking investors.
Recap
This article delves into the recent dividend payout of Marvell Tech and its implications for shareholders. Presently, the company is distributing a dividend of $0.06 per share, leading to an annualized dividend yield of 0.39%.
Marvell Tech's dividend yield falls in the middle range when compared to its industry peers, with United Microelectronics having the highest annualized dividend yield at 7.99%.
While the dividend per share remains unchanged during the period of 2019 to 2022, the upward trajectory of earnings per share for Marvell Tech indicates a favorable financial position, potentially paving the way for sustained profit distribution to shareholders.
To remain updated on any changes in financials or dividend disbursements, investors should closely observe the company's performance in the coming quarters.
[Click here](https://www.benzinga.com/stock//dividends) to find details on Marvell Tech's previous dividends.
To keep track of which companies are distributing dividends, click here to visit our Dividends Calendar.
This article was generated by Benzinga's automated content engine and reviewed by an editor.
© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
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