Marvell Technology Group Ltd. Declares Quarterly Dividend Payment

Rhea-AI Summary

Marvell Technology Group Ltd. (NASDAQ: MRVL) declared a quarterly dividend of $0.06 per share, scheduled for payment on July 29, 2020. Shareholders on record by July 13, 2020 will be eligible for the dividend. Marvell, a leading provider of semiconductor solutions, emphasizes its commitment to transforming data infrastructure through deep collaboration with prominent technology companies. With 25 years of industry experience, Marvell aims to meet current market needs while shaping future technological advancements.

Positive

• Quarterly dividend of $0.06 per share enhances shareholder value.

Negative

• None.

SANTA CLARA, Calif., June 25, 2020 /PRNewswire/ -- Marvell Technology Group Ltd. (NASDAQ: MRVL), today announced a quarterly dividend of $0.06 per share of common stock payable on July 29, 2020 to shareholders of record as of July 13, 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 Technology Group Ltd.?

Marvell Technology Group Ltd. declared a dividend of $0.06 per share.

When will the dividend be paid to shareholders of Marvell?

The dividend will be paid on July 29, 2020.

What is the record date for Marvell's dividend?

The record date for the dividend is July 13, 2020.

How often does Marvell Technology Group Ltd. pay dividends?

Marvell typically pays dividends quarterly.

Is the dividend from Marvell sustainable?

The sustainability of the dividend depends on the company's financial performance and cash flow.