Marvell Technology, Inc. Declares Quarterly Dividend Payment

Rhea-AI Summary

Marvell Technology (NASDAQ: MRVL) announced a quarterly dividend of $0.06 per share, to be paid on October 26, 2022. Shareholders of record as of October 7, 2022 will receive this dividend. The company has established itself as a trusted provider of semiconductor solutions, collaborating with leading tech firms to enhance data infrastructure technology.

Positive

• Declared quarterly dividend of $0.06 per share.
• Dividend payment reflects company confidence in stable cash flow.

Negative

• None.

News Market Reaction

-1.57%

1 alert

-1.57% News Effect

On the day this news was published, MRVL declined 1.57%, reflecting a mild negative market reaction.

Data tracked by StockTitan Argus on the day of publication.

SANTA CLARA, Calif., Sept. 23, 2022 /PRNewswire/ -- Marvell Technology, Inc. (NASDAQ: MRVL), today announced a quarterly dividend of $0.06 per share of common stock payable on October 26, 2022 to shareholders of record as of October 7, 2022.

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-301632365.html

SOURCE Marvell

FAQ

What is the dividend amount for Marvell Technology (MRVL)?

Marvell Technology declared a dividend of $0.06 per share.

When will Marvell Technology's dividend be paid?

The dividend will be paid on October 26, 2022.

What is the record date for Marvell's dividend payment?

The record date for the dividend is October 7, 2022.

How often does Marvell Technology pay dividends?

Marvell Technology pays dividends on a quarterly basis.