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. This dividend will be payable on October 31, 2024 to shareholders of record as of October 11, 2024. The announcement demonstrates Marvell's commitment to returning value to its shareholders through regular dividend payments. This quarterly dividend payout is part of the company's ongoing financial strategy to balance reinvestment in growth opportunities with providing direct returns to investors.

Positive

• Consistent dividend payment indicates financial stability
• Provides regular income stream for shareholders

Negative

• None.

News Market Reaction

-1.45%

1 alert

-1.45% News Effect

On the day this news was published, MRVL declined 1.45%, reflecting a mild negative market reaction.

Data tracked by StockTitan Argus on the day of publication.

SANTA CLARA, Calif., Sept. 13, 2024 /PRNewswire/ -- Marvell Technology, Inc. (NASDAQ: MRVL), today announced a quarterly dividend of $0.06 per share of common stock payable on October 31, 2024 to shareholders of record as of October 11, 2024.

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 the amount of Marvell Technology's quarterly dividend for October 2024?

Marvell Technology (MRVL) has declared a quarterly dividend of $0.06 per share of common stock for October 2024.

When is the payment date for Marvell Technology's October 2024 dividend?

The payment date for Marvell Technology's (MRVL) October 2024 dividend is October 31, 2024.

What is the record date for Marvell Technology's October 2024 dividend?

The record date for Marvell Technology's (MRVL) October 2024 dividend is October 11, 2024.

How often does Marvell Technology (MRVL) pay dividends?

Based on the announcement of a quarterly dividend, Marvell Technology (MRVL) appears to pay dividends on a quarterly basis.