Marvell Technology, Inc. Declares Quarterly Dividend Payment

Rhea-AI Summary

Marvell Technology, Inc. (NASDAQ: MRVL) announced a quarterly dividend of $0.06 per share, scheduled for payment on April 26, 2023.

This dividend will be distributed to shareholders who are on record as of April 7, 2023. Marvell continues to be recognized for its semiconductor solutions, partnering with leading technology firms for over 25 years, focusing on data infrastructure.

Positive

• Quarterly dividend of $0.06 per share supports shareholder income.
• Payment reflects Marvell's ongoing commitment to return value to shareholders.

Negative

• None.

SANTA CLARA, Calif., March 15, 2023 /PRNewswire/ -- Marvell Technology, Inc. (NASDAQ: MRVL), today announced a quarterly dividend of $0.06 per share of common stock payable on April 26, 2023 to shareholders of record as of April 7, 2023.

About Marvell

To deliver the data infrastructure technology that connects the world, we're building solutions on the most powerful foundation: our partnerships with our customers. Trusted by the world's leading technology companies for over 25 years, we move, store, process and secure the world's data with semiconductor solutions designed for our customers' current needs and future ambitions. Through a process of deep collaboration and transparency, we're ultimately changing the way tomorrow's enterprise, cloud, automotive, and carrier architectures transform—for the better.

Marvell® and the Marvell logo are registered trademarks of Marvell and/or its affiliates.

For further information, contact:
Ashish Saran
Senior Vice President, Investor Relations
408-222-0777
ir@marvell.com

 

View original content to download multimedia:https://www.prnewswire.com/news-releases/marvell-technology-inc-declares-quarterly-dividend-payment-301773209.html

SOURCE Marvell

FAQ

What is the dividend amount declared by Marvell Technology?

Marvell Technology has declared a quarterly dividend of $0.06 per share.

When is the dividend payment date for Marvell stock?

The dividend payment date for Marvell stock is April 26, 2023.

What is the record date for Marvell's dividend?

The record date to qualify for the dividend is April 7, 2023.

How often does Marvell Technology declare dividends?

Marvell Technology typically declares dividends on a quarterly basis.

Is Marvell's dividend sustainable?

The press release does not provide specific details about the sustainability of Marvell's dividends.