Marvell Technology, Inc. Declares Quarterly Dividend Payment

Rhea-AI Summary

Marvell Technology (NASDAQ: MRVL) has announced a quarterly dividend of $0.06 per share of common stock. The dividend will be payable on January 30, 2025 to shareholders who are on record as of January 10, 2025.

Positive

• Regular dividend payment demonstrates stable cash flow distribution to shareholders
• Consistent quarterly dividend policy indicates financial stability

Negative

• Low dividend yield compared to industry standards
• No increase in dividend amount from previous quarters

SANTA CLARA, Calif., Dec. 13, 2024 /PRNewswire/ -- Marvell Technology, Inc. (NASDAQ: MRVL), today announced a quarterly dividend of $0.06 per share of common stock payable on January 30, 2025 to shareholders of record as of January 10, 2025.

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

 

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SOURCE Marvell

FAQ

What is Marvell Technology's (MRVL) dividend amount for Q1 2025?

Marvell Technology's dividend for Q1 2025 is $0.06 per share of common stock.

When is the dividend payment date for MRVL's Q1 2025 dividend?

The dividend payment date is January 30, 2025.

What is the record date for Marvell's (MRVL) Q1 2025 dividend?

The record date for MRVL's Q1 2025 dividend is January 10, 2025.

Has MRVL changed its quarterly dividend amount for Q1 2025?

No, Marvell Technology has maintained its quarterly dividend at $0.06 per share.

What is the annual dividend yield for Marvell Technology (MRVL)?

Based on the quarterly dividend of $0.06, the annual dividend payment would be $0.24 per share. The yield percentage depends on the current stock price.