Nvidia boosts quarterly dividend payout from $0.04 to $0.10, benefiting long-term shareholders

From Nasdaq: 2024-06-04 14:45:25

Nvidia boosts dividend

Nvidia (NASDAQ: NVDA) is increasing its quarterly dividend payouts, a step that will benefit long-term shareholders. The increase will raise the per-share distribution from $0.04 to $0.10, giving investors a little extra income. Shareholders of record on June 11 will receive the new payout on June 28.

Nvidia’s stock split

Along with the dividend raise, Nvidia announced a 10-for-1 forward stock split, complicating matters. This split will reduce the share price, but dividend payments will remain at $0.01 per share after the split. Despite the confusion, the dividend hike remains a plus for Nvidia investors.

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Disclosure

David Moadel has no positions in mentioned stocks. The Motley Fool discloses its positions in and recommendation of Nvidia.

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