The next Marvell (NASDAQ: MRVL) dividend, the last one this year, is scheduled to come late next week.
Namely, the semiconductor company is once again going to reward shareholders with $0.06 per share on Thursday, October 29, with investors as of October 10 being eligible for the payout.
Accordingly, 100 MRVL shares are going to yield $6 in quarterly Marvell stock dividends next week. Based on the current MRVL stock price of $237.09, such an investment is worth $23,709 at press time. At the ex-dividend date price of $275.28, it was worth $27,528.
Doing the math, 50 shares are going to net $3, while 200 shares are going to net $12. To get $100 in quarterly dividends, investors will need to hold 1,667 shares, a position now worth $395,151.
Marvell dividend still continues unchanged
As such, the payout remains unchanged since the company started paying dividends in 2012. Indeed, the only changes made to the dividend included the total yearly payout, which was a bit lower in 2017, as one quarter went without dividends.
Marvell offers investors a modest dividend yield of 0.1%, per Dividend.com estimates, significantly below the technology sector’s average yield of 1.37%. It also pays dividends quarterly, providing shareholders with passive income four times a year, with some already mentioned historical exceptions.
However, the current yield suggests that dividend income remains a relatively small part of the overall investment case. Indeed, Marvell’s forward payout ratio stands at just 3.30%, indicating that the company distributes only a small portion of its projected earnings as dividends.
For investors pursuing dividend-capture strategies, Marvell’s average price recovery period is 6.7 days. This metric estimates how long the stock typically takes to recover its pre-dividend price after the ex-dividend date, although actual recovery times can vary based on broader market conditions.
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