Marvell Technology, Inc. Declares Quarterly Dividend Payment

Rhea-AI Summary

Marvell Technology, Inc. (NASDAQ: MRVL) has declared a quarterly dividend of $0.06 per share, scheduled for payment on January 26, 2022. Shareholders on record as of January 7, 2022 will be eligible for this payment. As a major player in data infrastructure technology, Marvell continues to build partnerships with leading technology companies, focusing on solutions that address both current and future needs in the semiconductor industry.

Positive

• Quarterly dividend of $0.06 per share demonstrates company confidence in cash flow.
• Dividend payment scheduled for January 26, 2022, rewarding shareholders.

Negative

• None.

SANTA CLARA, Calif., Dec. 17, 2021 /PRNewswire/ -- Marvell Technology, Inc. (NASDAQ: MRVL), today announced a quarterly dividend of $0.06 per share of common stock payable on January 26, 2022 to shareholders of record as of January 7, 2022.

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

View original content:https://www.prnewswire.com/news-releases/marvell-technology-inc-declares-quarterly-dividend-payment-301447628.html

SOURCE Marvell

FAQ

What is the dividend amount declared by Marvell Technology?

Marvell Technology has declared a quarterly dividend of $0.06 per share.

When will Marvell Technology's dividend be paid?

The dividend will be paid on January 26, 2022.

What is the record date for Marvell Technology's dividend?

The record date for the dividend is January 7, 2022.

How often does Marvell Technology pay dividends?

Marvell Technology pays dividends quarterly.

Is the dividend from Marvell Technology sustainable?

While the dividend reflects confidence in cash flow, sustainability would depend on future earnings and financial performance.