NVIDIA Corporation (NVDA) To Go Ex-Dividend on June 4th

NVIDIA Corporation (NASDAQ:NVDA) declared a quarterly dividend on Wednesday, May 20th. Investors of record on Thursday, June 4th will be paid a dividend of 0.25 per share by the computer hardware maker on Friday, June 26th. This represents a c) dividend on an annualized basis and a yield of 0.5%. The ex-dividend date is Thursday, June 4th. This is a 2,400.0% increase from NVIDIA’s previous quarterly dividend of $0.01.

NVIDIA has increased its dividend payment by an average of 0.1%per year over the last three years and has increased its dividend annually for the last 1 consecutive years. NVIDIA has a dividend payout ratio of 0.7% indicating that its dividend is sufficiently covered by earnings. Research analysts expect NVIDIA to earn $10.74 per share next year, which means the company should continue to be able to cover its $0.04 annual dividend with an expected future payout ratio of 0.4%.

NVIDIA Stock Performance

Shares of NVDA opened at $219.51 on Friday. The stock has a 50 day moving average price of $195.51 and a 200 day moving average price of $188.87. The company has a quick ratio of 3.24, a current ratio of 3.91 and a debt-to-equity ratio of 0.05. The company has a market capitalization of $5.32 trillion, a price-to-earnings ratio of 33.62, a price-to-earnings-growth ratio of 0.69 and a beta of 2.25. NVIDIA has a 52-week low of $129.16 and a 52-week high of $236.54.

NVIDIA (NASDAQ:NVDA) last announced its quarterly earnings results on Wednesday, May 20th. The computer hardware maker reported $1.87 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.76 by $0.11. The firm had revenue of $81.62 billion during the quarter, compared to the consensus estimate of $78.42 billion. NVIDIA had a return on equity of 110.48% and a net margin of 62.97%.The firm’s quarterly revenue was up 85.2% compared to the same quarter last year. During the same period in the prior year, the company posted $0.81 earnings per share. Research analysts predict that NVIDIA will post 7.89 EPS for the current fiscal year.

Analyst Ratings Changes

NVDA has been the subject of a number of research analyst reports. CICC Research upped their price target on NVIDIA from $228.00 to $240.60 and gave the company an “outperform” rating in a report on Friday, February 27th. Jefferies Financial Group reaffirmed a “buy” rating and issued a $300.00 price target (up from $275.00) on shares of NVIDIA in a report on Thursday. KeyCorp set a $310.00 price target on NVIDIA and gave the company an “overweight” rating in a report on Thursday. UBS Group upped their price target on NVIDIA from $275.00 to $280.00 and gave the company a “buy” rating in a report on Thursday. Finally, Cantor Fitzgerald reaffirmed an “overweight” rating and issued a $350.00 price target on shares of NVIDIA in a report on Thursday. Four analysts have rated the stock with a Strong Buy rating, forty-eight have issued a Buy rating and two have issued a Hold rating to the stock. Based on data from MarketBeat, NVIDIA currently has an average rating of “Buy” and an average price target of $298.58.

NVIDIA Company Profile

NVIDIA Corporation, founded in 1993 and headquartered in Santa Clara, California, is a global technology company that designs and develops graphics processing units (GPUs) and system-on-chip (SoC) technologies. Co-founded by Jensen Huang, who serves as president and chief executive officer, along with Chris Malachowsky and Curtis Priem, NVIDIA has grown from a graphics-focused chipmaker into a broad provider of accelerated computing hardware and software for multiple industries.

The company’s product portfolio spans discrete GPUs for gaming and professional visualization (marketed under the GeForce and NVIDIA RTX lines), high-performance data center accelerators used for AI training and inference (including widely adopted platforms such as the A100 and H100 series), and Tegra SoCs for automotive and edge applications.