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News

NVE Nurtures Growth and Provides Investors with Value.

Author: Benzinga Insights | February 28, 2024 11:05am

By the close of today, February 28, 2024, NVE (NASDAQ:NVEC) will issue a dividend payout of $1.00 per share, resulting in an annualized dividend yield of 5.56%. Only those investors who owned the stock prior to the ex-dividend date on January 26, 2024 will receive this payout.

NVE Recent Dividend Payouts

Ex-Date Payments per year Dividend Yield Announced Record Payable
2024-01-26 4 $1.0 5.56% 2024-01-17 2024-01-29 2024-02-28
2023-10-27 4 $1.0 4.89% 2023-10-18 2023-10-30 2023-11-30
2023-07-28 4 $1.0 4.13% 2023-07-19 2023-07-31 2023-08-31
2023-05-12 4 $1.0 5.19% 2023-05-03 2023-05-15 2023-05-31
2023-01-27 4 $1.0 5.28% 2023-01-25 2023-01-30 2023-02-28
2022-10-28 4 $1.0 8.28% 2022-10-19 2022-10-31 2022-11-30
2022-07-29 4 $1.0 8.33% 2022-07-20 2022-08-01 2022-08-31
2022-05-13 4 $1.0 8.56% 2022-05-04 2022-05-16 2022-05-31
2022-01-28 4 $1.0 6.09% 2022-01-19 2022-01-31 2022-02-28
2021-10-29 4 $1.0 5.87% 2021-10-20 2021-11-01 2021-11-30
2021-07-30 4 $1.0 5.3% 2021-07-22 2021-08-02 2021-08-31
2021-05-14 4 $1.0 5.41% 2021-05-05 2021-05-17 2021-05-31

In terms of dividend yield, NVE finds itself in the middle ground among its industry peers, while Himax Techs (NASDAQ:HIMX) takes the lead with the highest annualized dividend yield at 9.04%.

Analyzing NVE Financial Health

Companies that pay out steady cash dividends are attractive to income-seeking investors, and companies that are financially healthy tend to maintain their dividend payout schedule. For this reason, investors can find it insightful to see if a company has been increasing or decreasing their dividend payout schedule and if their earnings are growing.

YoY Growth in Dividend Per Share

dividend chart graph

From 2020 to 2023, the company maintained a consistent dividend per share of $4.00. This signifies the company's dedication to a stable dividend policy, which is reassuring for shareholders seeking reliable returns on their investments.

YoY Earnings Growth For NVE

earning chart graph

From 2020 to 2023, NVE experienced a growth in earnings per share, with an increase from $2.42 to $4.47. This positive earnings trend indicates the company's potential to enhance their cash dividend payout, which can benefit income-seeking investors.

Recap

In this article, we delve into NVE's recent dividend payout and examine how it impacts shareholders. The company has announced a dividend distribution of $1.00 per share today, resulting in an annualized dividend yield of 5.56%.

In terms of dividend yield, NVE finds itself in the middle ground among its industry peers, while Himax Techs takes the lead with the highest annualized dividend yield at 9.04%.

Despite no adjustment in the dividend per share over the period of 2020 to 2023, the consistent growth in earnings per share for NVE indicates a sound financial status, which could enable the company to continue sharing profits with its investors.

Keeping a close watch on the company's performance in the coming quarters will enable investors to stay abreast of any modifications in financials or dividend disbursements.

[Track real-time stock fluctuations for NVE on Benzinga.](https://www.benzinga.com/quote/NVE (NASDAQ: NVEC))

This article was generated by Benzinga's automated content engine and reviewed by an editor.

Posted In: HIMX NVEC

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