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