Marvell Technology Group Ltd. Declares Quarterly Dividend Payment

Rhea-AI Summary

Marvell Technology Group Ltd. (NASDAQ: MRVL) announced a quarterly dividend of $0.06 per share, payable on October 28, 2020. Shareholders of record as of October 12, 2020 will receive this dividend. Marvell focuses on delivering innovative data infrastructure technology, providing semiconductor solutions to enhance the management of data for a diverse range of industries, including cloud and automotive. The company's partnerships with leading tech firms underscore its commitment to evolving data architectures for future needs.

Positive

• Quarterly dividend declared at $0.06 per share.
• Demonstrates ongoing commitment to returning value to shareholders.

Negative

• None.

SANTA CLARA, Calif., Sept. 25, 2020 /PRNewswire/ -- Marvell Technology Group Ltd. (NASDAQ: MRVL), today announced a quarterly dividend of $0.06 per share of common stock payable on October 28, 2020 to shareholders of record as of October 12, 2020.

About Marvell

To deliver the data infrastructure technology that connects the world, we're building solutions on the most powerful foundation: our partnerships with our customers. Trusted by the world's leading technology companies for 25 years, we move, store, process and secure the world's data with semiconductor solutions designed for our customers' current needs and future ambitions. Through a process of deep collaboration and transparency, we're ultimately changing the way tomorrow's enterprise, cloud, automotive, and carrier architectures transform—for the better.

Marvell® and the Marvell logo are registered trademarks of Marvell and/or its affiliates.

For further information, contact: 
Ashish Saran 
Vice President, Investor Relations 
408-222-0777 
ir@marvell.com 

 

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SOURCE Marvell

FAQ

What is the dividend amount declared by Marvell?

Marvell declared a quarterly dividend of $0.06 per share.

When will Marvell's dividend be paid?

The dividend will be paid on October 28, 2020.

What is the record date for the Marvell dividend?

The record date for the dividend is October 12, 2020.