STOCK TITAN

Marvell Technology, Inc. Declares Quarterly Dividend Payment

Rhea-AI Impact
(Low)
Rhea-AI Sentiment
(Neutral)
Tags
dividends
Rhea-AI Summary

Marvell Technology, Inc. (NASDAQ: MRVL) announced a quarterly dividend of $0.06 per share, payable on July 27, 2022, to shareholders on record as of July 8, 2022. This move demonstrates the company's commitment to rewarding shareholders while it continues to enhance its data infrastructure technology. Marvell has established trusted partnerships with leading technology companies for over 25 years, focusing on delivering solutions that secure and manage data for various sectors including enterprise and cloud.

Positive
  • Quarterly dividend of $0.06 per share enhances shareholder value.
  • Demonstrates ongoing commitment to returning profits to shareholders.
Negative
  • None.

SANTA CLARA, Calif., June 2, 2022 /PRNewswire/ -- Marvell Technology, Inc. (NASDAQ: MRVL), today announced a quarterly dividend of $0.06 per share of common stock payable on July 27, 2022 to shareholders of record as of July 8, 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 over 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
Senior Vice President, Investor Relations
408-222-0777
ir@marvell.com

Marvell is a leading provider of infrastructure semiconductor solutions. (PRNewsfoto/Marvell Technology Group Ltd.)

 

Cision View original content to download multimedia:https://www.prnewswire.com/news-releases/marvell-technology-inc-declares-quarterly-dividend-payment-301560579.html

SOURCE Marvell

FAQ

What is the dividend amount declared by Marvell Technology (MRVL)?

Marvell Technology announced a dividend of $0.06 per share.

When will Marvell Technology's dividend be paid?

The dividend will be paid on July 27, 2022.

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

Shareholders must be on record by July 8, 2022, to receive the dividend.

Marvell Technology, Inc.

NASDAQ:MRVL

MRVL Rankings

MRVL Latest News

MRVL Stock Data

76.91B
866.20M
0.48%
92.3%
2.09%
Semiconductors
Semiconductors & Related Devices
Link
United States of America
WILMINGTON