NVE Co. (NASDAQ:NVEC) Plans $1.00 Quarterly Dividend

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

NVE Stock Performance

Shares of NVEC stock opened at $77.04 on Thursday. The stock has a fifty day simple moving average of $83.04 and a two-hundred day simple moving average of $78.06. The firm has a market capitalization of $372.10 million, a PE ratio of 21.70 and a beta of 1.21. NVE has a 52-week low of $64.14 and a 52-week high of $100.19.

NVE (NASDAQ:NVEC) last released its quarterly earnings data on Wednesday, May 1st. The semiconductor company reported $0.79 earnings per share (EPS) for the quarter. The firm had revenue of $7.08 million for 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.