Marvell Technology Group Ltd. (NASDAQ:MRVL) will begin trading ex-dividend on December 22, 2020. The quarterly dividend payment of $ 0.06 per share is scheduled to be paid on January 14, 2021. The dividend yield based on the latest trading day closing price was 0.51 percent. Shareholders who purchased MRVL shares prior to the ex-dividend date are eligible for the cash dividend payment.
Dividends History
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Marvell Technology Group Ltd. recently reported second quarter financial results on August 27, 2020, after market close, developer of digital signal processing unveiled income for the second quarter of $ 0.21 per share, from the revenue of $ 727.30 million. The quarterly earnings escalated 31.25 percent compared with the same quarter last year. Wall street analysts are predicting, MRVL to report 2Q21 income of $ 0.20 per share from revenue of $ 727.45 million. The bottom line results beat street analysts by $ 0.01 or 5.00 percent, at the same time, top line results fell short of analysts by $ 0.15 million or 0.02 percent.
Stock Performance
Shares of Marvell Technology Group Ltd. traded up $ 0.41 or 0.87 percent on Friday, reaching $ 47.51 with volume of 31.27 million shares. Marvell Technology Group Ltd. has traded high as $ 48.42 and has cracked $ 47.12 on the downward trend
According to the previous trading day, closing price of $ 47.51, representing a 186.32 % increase from the 52 week low of $ 16.45 and a 2.73 % decrease over the 52 week high of $ 48.42.
The company has a market capital of $ 31.92 billion and is part of the Technology sector and Semiconductors industry.
Marvell Technology Group Ltd. designs, develops, and markets analog, mixed-signal, digital signal processing, and embedded and standalone integrated circuits. It offers a range of storage products, including hard disk drive (HDD) and solid-state drive controllers, as well as preamplifiers; supports a variety of host system interfaces consisting of serial attached SCSI (SAS), serial advanced technology attachment (SATA), peripheral component interconnect express, and non-volatile memory express; and develops software-enabled silicon solutions comprising SATA port multipliers, bridges, SATA, SAS, and non-volatile memory express redundant array of independent disks controllers and converged storage processors for enterprises, data centers, and cloud computing businesses.
