NVIDIA Corporation Announces Quarterly Dividend of $0.25 (NASDAQ:NVDA)

NVIDIA Corporation (NASDAQ:NVDA) declared a quarterly dividend on Wednesday, August 26th. Investors of record on Thursday, September 10th will be paid a dividend of 0.25 per share by the computer hardware maker on Thursday, October 1st. This represents a c) annualized dividend and a dividend yield of 0.5%. The ex-dividend date is Thursday, September 10th.

NVIDIA has increased its dividend by an average of 0.1%per year over the last three years and has raised its dividend every year for the last 1 years. NVIDIA has a dividend payout ratio of 17.5% meaning its dividend is sufficiently covered by earnings. Analysts expect NVIDIA to earn $12.59 per share next year, which means the company should continue to be able to cover its $1.00 annual dividend with an expected future payout ratio of 7.9%.

NVIDIA Trading Down 1.6%

NASDAQ NVDA opened at $209.66 on Thursday. The company has a market capitalization of $5.07 trillion, a PE ratio of 32.11, a P/E/G ratio of 0.42 and a beta of 2.23. The company has a fifty day moving average of $207.61 and a 200 day moving average of $200.35. NVIDIA has a 1 year low of $164.07 and a 1 year high of $236.54. The company has a debt-to-equity ratio of 0.04, a current ratio of 3.44 and a quick ratio of 2.85.

NVIDIA (NASDAQ:NVDA) last posted its quarterly earnings results on Wednesday, August 26th. The computer hardware maker reported $2.22 EPS for the quarter, beating the consensus estimate of $2.09 by $0.13. The company had revenue of $96.22 billion for the quarter, compared to analyst estimates of $92.27 billion. NVIDIA had a net margin of 62.97% and a return on equity of 96.94%. The firm’s revenue was up 105.9% on a year-over-year basis. During the same period in the prior year, the company earned $1.05 earnings per share. Research analysts forecast that NVIDIA will post 8.8 earnings per share for the current year.

Analyst Ratings Changes

A number of brokerages have recently commented on NVDA. Evercore restated an “outperform” rating and issued a $413.00 target price (up from $352.00) on shares of NVIDIA in a research note on Thursday, May 21st. Bank of America reiterated a “buy” rating and set a $350.00 price target (up from $320.00) on shares of NVIDIA in a research report on Thursday, May 21st. The Goldman Sachs Group reissued a “neutral” rating and issued a $300.00 price target on shares of NVIDIA in a report on Thursday. TD Cowen restated a “buy” rating on shares of NVIDIA in a research report on Tuesday, August 18th. Finally, Tigress Financial reaffirmed a “strong-buy” rating and set a $425.00 price objective (up from $360.00) on shares of NVIDIA in a research note on Wednesday, May 27th. One investment analyst has rated the stock with a Strong Buy rating, forty-nine have assigned a Buy rating and four have given a Hold rating to the stock. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $311.59.

About NVIDIA

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.