Summary
Marvell Technology, Inc. announced on September 23, 2021, that its Board of Directors has declared a quarterly dividend payment. This dividend amounts to $0.06 per share and is scheduled to be paid on October 27, 2021, to shareholders of record as of October 11, 2021. This announcement primarily serves as an update on the company's capital allocation strategy, signaling a continued commitment to returning value to shareholders. Investors should note that while this dividend has been declared, the payment of future quarterly cash dividends is contingent upon various factors, including the company's financial performance, cash position, and the discretion of the Board of Directors. This filing does not contain any material financial results or strategic operational updates beyond the dividend declaration.
Key Highlights
- 1Marvell Technology declared a quarterly cash dividend of $0.06 per share.
- 2The dividend payment date is October 27, 2021.
- 3The record date for dividend eligibility is October 11, 2021.
- 4This filing (8-K) serves as a notification of the dividend declaration, not a financial results update.
- 5Future dividend payments are subject to Board of Directors' approval and various financial and operational factors.
- 6The announcement indicates a commitment to shareholder returns.