Marvell Technology, Inc. (NASDAQ:MRVL) Announces Quarterly Dividend of $0.06

Marvell Technology, Inc. (NASDAQ:MRVL) declared a quarterly dividend on Thursday, December 11th. Investors of record on Friday, January 9th will be paid a dividend of 0.06 per share by the semiconductor company on Thursday, January 29th. This represents a c) annualized dividend and a yield of 0.3%. The ex-dividend date of this dividend is Friday, January 9th.

Marvell Technology has a dividend payout ratio of 6.7% indicating that its dividend is sufficiently covered by earnings. Analysts expect Marvell Technology to earn $2.00 per share next year, which means the company should continue to be able to cover its $0.24 annual dividend with an expected future payout ratio of 12.0%.

Marvell Technology Price Performance

MRVL stock opened at $88.23 on Wednesday. The company has a debt-to-equity ratio of 0.28, a current ratio of 2.01 and a quick ratio of 1.64. The company’s 50-day moving average is $87.85 and its 200-day moving average is $80.52. The stock has a market capitalization of $74.83 billion, a PE ratio of 30.96, a price-to-earnings-growth ratio of 0.87 and a beta of 1.95. Marvell Technology has a 1 year low of $47.08 and a 1 year high of $127.48.

Marvell Technology (NASDAQ:MRVL) last posted its quarterly earnings results on Tuesday, December 2nd. The semiconductor company reported $0.76 earnings per share for the quarter, topping analysts’ consensus estimates of $0.74 by $0.02. The business had revenue of $2.07 billion for the quarter, compared to the consensus estimate of $2.06 billion. Marvell Technology had a return on equity of 13.15% and a net margin of 31.75%.The firm’s revenue for the quarter was up 36.8% on a year-over-year basis. During the same period in the prior year, the business earned $0.43 EPS. Marvell Technology has set its Q4 2026 guidance at 0.740-0.840 EPS. Equities research analysts expect that Marvell Technology will post 0.91 EPS for the current fiscal year.

Marvell Technology declared that its Board of Directors has authorized a share repurchase program on Wednesday, September 24th that permits the company to buyback $5.00 billion in outstanding shares. This buyback authorization permits the semiconductor company to purchase up to 7.8% of its shares through open market purchases. Shares buyback programs are typically a sign that the company’s leadership believes its shares are undervalued.

About Marvell Technology

Marvell Technology Group is a global semiconductor company that designs and develops integrated circuits and related software for data infrastructure, networking, storage and connectivity markets. The company’s product portfolio includes system-on-chip (SoC) solutions, Ethernet physical-layer transceivers (PHYs), switch and switch silicon, optical interconnect components, storage controllers, and security processors. Marvell’s technology is used to enable high-performance data centers, carrier networks, enterprise and cloud storage, as well as connectivity in automotive and industrial applications.

Founded in 1995 and headquartered in Santa Clara, California, Marvell has grown through both organic development and strategic acquisitions to broaden its capabilities across networking and data interconnect.