NVIDIA Corporation (NVDA) to Distribute Quarterly Dividend of $0.25 on October 1st

NVIDIA Corporation (NASDAQ:NVDA) declared a quarterly dividend on Wednesday, August 26th. Shareholders of record on Thursday, September 10th will be given a dividend of 0.25 per share by the computer hardware maker on Thursday, October 1st. This represents a c) annualized dividend and a yield of 0.4%. The ex-dividend date is Thursday, September 10th.

NVIDIA has increased its dividend payment by an average of 0.1%annually over the last three years and has increased its dividend every year for the last 1 years. NVIDIA has a payout ratio of 17.5% meaning its dividend is sufficiently covered by earnings. Analysts expect NVIDIA to earn $15.12 per share next year, which means the company should continue to be able to cover its $1.00 annual dividend with an expected future payout ratio of 6.6%.

NVIDIA Price Performance

Shares of NVDA stock opened at $230.36 on Tuesday. NVIDIA has a 12 month low of $164.07 and a 12 month high of $236.54. The company has a market capitalization of $5.55 trillion, a P/E ratio of 29.12, a P/E/G ratio of 1.81 and a beta of 2.22. The stock has a 50 day moving average of $211.32 and a two-hundred day moving average of $202.51. The company has a current ratio of 4.59, a quick ratio of 3.85 and a debt-to-equity ratio of 0.14.

NVIDIA (NASDAQ:NVDA) last released its quarterly earnings data on Wednesday, August 26th. The computer hardware maker reported $2.22 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.09 by $0.13. The business had revenue of $96.22 billion for the quarter, compared to analysts’ expectations of $92.27 billion. NVIDIA had a return on equity of 96.04% and a net margin of 63.66%.NVIDIA’s quarterly revenue was up 105.9% on a year-over-year basis. During the same period in the previous year, the business posted $1.05 earnings per share. As a group, equities analysts expect that NVIDIA will post 9.1 EPS for the current year.

Analyst Upgrades and Downgrades

Several analysts have recently weighed in on the stock. Seaport Research Partners lifted their target price on shares of NVIDIA from $140.00 to $180.00 and gave the company a “sell” rating in a research report on Thursday, May 21st. KeyCorp restated an “overweight” rating and set a $330.00 price target on shares of NVIDIA in a research note on Monday, August 24th. Wedbush lifted their price objective on NVIDIA from $330.00 to $345.00 and gave the company an “outperform” rating in a report on Thursday, August 27th. DA Davidson reiterated a “buy” rating and issued a $300.00 price objective on shares of NVIDIA in a research note on Thursday, August 27th. Finally, Citic Securities increased their target price on NVIDIA from $242.00 to $315.00 and gave the stock a “buy” rating in a report on Friday, May 22nd. Two equities research analysts have rated the stock with a Strong Buy rating, fifty have issued a Buy rating and three have given a Hold rating to the company. According to MarketBeat, NVIDIA has an average rating of “Moderate Buy” and an average target price of $324.83.

NVIDIA Company Profile

NVIDIA Corporation, founded in 1993 and headquartered in Santa Clara, California, is a global technology company that designs and develops graphics processing units (GPUs) and system-on-chip (SoC) technologies. Co-founded by Jensen Huang, who serves as president and chief executive officer, along with Chris Malachowsky and Curtis Priem, NVIDIA has grown from a graphics-focused chipmaker into a broad provider of accelerated computing hardware and software for multiple industries.

The company’s product portfolio spans discrete GPUs for gaming and professional visualization (marketed under the GeForce and NVIDIA RTX lines), high-performance data center accelerators used for AI training and inference (including widely adopted platforms such as the A100 and H100 series), and Tegra SoCs for automotive and edge applications.