Marvell Technology, Inc. (MRVL) To Go Ex-Dividend on July 10th

Marvell Technology, Inc. (NASDAQ:MRVL) declared a quarterly dividend on Thursday, June 25th. Stockholders of record on Friday, July 10th will be given a dividend of 0.06 per share by the semiconductor company on Thursday, July 30th. This represents a c) annualized dividend and a dividend yield of 0.1%. The ex-dividend date is Friday, July 10th.

Marvell Technology has a payout ratio of 6.7% indicating that its dividend is sufficiently covered by earnings. Equities analysts expect Marvell Technology to earn $5.11 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 4.7%.

Marvell Technology Stock Down 5.2%

Shares of MRVL stock opened at $266.77 on Friday. The company has a debt-to-equity ratio of 0.27, a quick ratio of 2.66 and a current ratio of 3.28. The firm’s 50-day moving average is $216.75 and its 200-day moving average is $133.30. The stock has a market cap of $233.37 billion, a price-to-earnings ratio of 91.36, a PEG ratio of 1.84 and a beta of 2.29. Marvell Technology has a 52-week low of $61.44 and a 52-week high of $329.88.

Marvell Technology (NASDAQ:MRVL) last issued its earnings results on Wednesday, May 27th. The semiconductor company reported $0.80 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.80. The business had revenue of $2.42 billion during the quarter, compared to the consensus estimate of $2.41 billion. Marvell Technology had a net margin of 28.99% and a return on equity of 13.83%. Marvell Technology’s revenue was up 27.6% on a year-over-year basis. During the same period last year, the business posted $0.62 EPS. Marvell Technology has set its Q2 2027 guidance at 0.880-0.980 EPS. Sell-side analysts predict that Marvell Technology will post 3.07 EPS for the current year.

Marvell Technology Company Profile

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.