By the close of today, October 25, 2023, Marvell Tech MRVL will issue a dividend payout of $0.06 per share, resulting in an annualized dividend yield of 0.43%. Only those investors who owned the stock prior to the ex-dividend date on October 05, 2023 will receive this payout.
Marvell Tech Recent Dividend Payouts
| Ex-Date | Payments per year | Dividend | Yield | Announced | Record | Payable |
|---|---|---|---|---|---|---|
| 2023-10-05 | 4 | $0.06 | 0.43% | 2023-09-15 | 2023-10-06 | 2023-10-25 |
| 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 |
When comparing Marvell Tech's dividend yield against its industry peers, the company sits comfortably in the middle, with its peer United Microelectronics UMC having the highest annualized dividend yield at 7.88%.
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
As you can see, from 2019 to 2022, investors observed a stable dividend per share of $0.24 throughout this period. This indicates a consistent dividend policy maintained by the company, providing stability to shareholders. Investors can rely on the company's consistent dividend payout to generate a steady income stream.
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 takes an in-depth look at Marvell Tech's recent dividend payout and its implications for shareholders. The company is currently distributing a dividend of $0.06 per share today, translating to an annualized dividend yield of 0.43%.
When comparing Marvell Tech's dividend yield against its industry peers, the company sits comfortably in the middle, with its peer United Microelectronics having the highest annualized dividend yield at 7.88%.
The unaltered dividend per share during 2019 to 2022 does not diminish the significance of the increasing earnings per share for Marvell Tech. This upward trend suggests the company's financial stability and its potential to sustain the distribution of profits to shareholders.
It is essential for investors to closely track the company's performance in the coming quarters to remain updated regarding any alterations in financials or dividend disbursements.
\To stay up-to-date with the companies that are announcing their 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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