Marvell Technology Group Ltd. Declares Quarterly Dividend Payment

Rhea-AI Summary

Marvell Technology Group Ltd. (NASDAQ: MRVL) has declared a quarterly dividend of $0.06 per share, payable on April 28, 2021, to shareholders of record as of April 9, 2021. This decision emphasizes the company's commitment to returning value to its shareholders while continuing to build infrastructure technology solutions for various industries. Marvell has been a trusted partner for leading tech companies for 25 years, focusing on transforming enterprise, cloud, automotive, and carrier architectures.

Positive

• Quarterly dividend of $0.06 per share demonstrates company confidence and commitment to returning value to shareholders.

Negative

• None.

SANTA CLARA, Calif., March 5, 2021 /PRNewswire/ -- Marvell Technology Group Ltd. (NASDAQ: MRVL), today announced a quarterly dividend of $0.06 per share of common stock payable on April 28, 2021 to shareholders of record as of April 9, 2021.

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 (MRVL) in March 2021?

Marvell declared a quarterly dividend of $0.06 per share.

When is the dividend for Marvell (MRVL) payable?

The dividend is payable on April 28, 2021.

What is the record date for Marvell's (MRVL) dividend?

The record date for the dividend is April 9, 2021.

How often does Marvell (MRVL) declare dividends?

Marvell typically declares quarterly dividends.

Is the dividend from Marvell (MRVL) sustainable?

The press release does not provide specific information regarding the sustainability of the dividend.