Marvell Technology Increases Quarterly Dividend by 20%

By Tamara Parker • Sunday, March 23 15:20 • Permanent Link

Marvell Technology, Inc. (NASDAQ: MRVL) has declared a quarterly dividend of $0.06 per share of common stock. This dividend is payable on May 1, 2025, to shareholders of record as of April 11, 2025.

In the previous quarter, the dividend declared by Marvell Technology, Inc. was $0.05 per share of common stock. This represents an increase of 20% in the quarterly dividend payment.

Marvell Technology, Inc. has a history of maintaining or increasing its dividend payments, reflecting the company's financial strength and commitment to rewarding its shareholders.

The dividend increase may indicate the company's confidence in its financial performance and its ability to generate sustained cash flows. This move could potentially attract income-seeking investors who value a steady income stream from their investments.

Investors and analysts will likely be watching Marvell Technology, Inc.'s future earnings reports and financial updates closely to assess the sustainability of this dividend increase and the company's overall financial health. Following these announcements, the company's shares moved -0.1%, and are now trading at a price of $70.39. For the full picture, make sure to review Marvell Technology's 8-K report.

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