NVE Co. (NVEC) to Issue Quarterly Dividend of $1.00 on May 31st

NVE Co. (NASDAQ:NVEC) announced a quarterly dividend on Wednesday, May 1st, Zacks reports. Investors of record on Monday, May 13th will be given a dividend of 1.00 per share by the semiconductor company on Friday, May 31st. This represents a $4.00 dividend on an annualized basis and a dividend yield of 5.19%. The ex-dividend date is Friday, May 10th.

NVE Price Performance

NASDAQ NVEC opened at $77.12 on Wednesday. NVE has a 1-year low of $64.14 and a 1-year high of $100.19. The business has a 50 day simple moving average of $83.15 and a two-hundred day simple moving average of $78.07. The stock has a market capitalization of $372.49 million, a PE ratio of 21.72 and a beta of 1.21.

NVE (NASDAQ:NVEC) last posted its earnings results on Wednesday, May 1st. The semiconductor company reported $0.79 earnings per share for the quarter. The firm had revenue of $7.08 million during the quarter. NVE had a net margin of 57.46% and a return on equity of 25.83%.

NVE Company Profile

NVE Corporation develops and sells devices that use spintronics, a nanotechnology that relies on electron spin to acquire, store, and transmit information in the United States and internationally. The company manufactures spintronic products, including sensors and couplers for use in acquiring and transmitting data.