NVE Corporation (NVEC) to Issue Quarterly Dividend of $1.00 on November 30th

NVE Corporation (NASDAQ:NVEC) declared a quarterly dividend on Wednesday, October 21st. Shareholders of record on Monday, November 2nd will be paid a dividend of $1.00 per share by the semiconductor company on Monday, November 30th. This represents a $4.00 dividend on an annualized basis and a yield of 5.9%. The ex-dividend date is Monday, November 2nd.

NVE Trading Down 33.7%

NVE stock opened at $68.36 on Friday. The stock has a 50-day moving average price of $105.30 and a two-hundred day moving average price of $100.03. NVE has a 12 month low of $57.21 and a 12 month high of $135.00. The company has a market capitalization of $330.86 million, a PE ratio of 18.38 and a beta of 1.34.

NVE (NASDAQ:NVEC) last released its quarterly earnings data on Wednesday, October 21st. The semiconductor company reported $0.65 earnings per share (EPS) for the quarter. The company had revenue of $5.58 million during the quarter. NVE had a return on equity of 30.42% and a net margin of 58.15%.

About NVE

NVE Corporation (NASDAQ: NVEC) develops and manufactures spintronic devices, which use the effects of electron spin to sense, store and transmit information. The company’s technology is designed to provide low-power, high-performance solutions for applications that require magnetic sensing, data transfer or nonvolatile memory.

NVE’s product portfolio includes magnetic field sensors, magnetic couplers and isolators, and other components based on giant magnetoresistance (GMR) and tunnel magnetoresistance (TMR) technologies.