Summary
Marvell Technology, Inc. (MRVL) announced on June 3, 2021, the declaration of its quarterly dividend. The Board of Directors has approved a dividend payment of $0.06 per share, scheduled to be paid on July 28, 2021, to shareholders of record as of July 9, 2021. This action reflects the company's commitment to returning value to its shareholders. While this dividend payment is confirmed, investors should note that the declaration of future quarterly cash dividends is contingent upon various factors. These include the company's overall financial performance, operational results, available cash, future capital needs, and the discretion of the Board of Directors, considering legal requirements and other relevant factors. This ensures that dividend payments align with Marvell's strategic and financial well-being.
Key Highlights
- 1Marvell Technology declared a quarterly dividend of $0.06 per share.
- 2The dividend payment date is scheduled for July 28, 2021.
- 3Shareholders of record as of July 9, 2021, are eligible to receive the dividend.
- 4The declaration of future dividends is subject to the Board of Directors' discretion and various financial and operational factors.
- 5The company provided this update via an 8-K filing on June 3, 2021.
- 6The press release announcing the dividend is furnished as an exhibit.