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

NVE Co. (NASDAQ:NVEC - Get Free Report) declared a quarterly dividend on Thursday, January 23rd,Wall Street Journal reports. Stockholders of record on Monday, February 3rd will be given a dividend of 1.00 per share by the semiconductor company on Friday, February 28th. This represents a $4.00 annualized dividend and a dividend yield of 5.67%. The ex-dividend date is Monday, February 3rd.

NVE Trading Down 13.9 %

NVEC traded down $11.40 on Thursday, hitting $70.58. The company had a trading volume of 59,789 shares, compared to its average volume of 24,594. The firm has a market cap of $340.90 million, a P/E ratio of 21.27 and a beta of 1.12. NVE has a 1 year low of $68.73 and a 1 year high of $90.24. The company's fifty day moving average price is $79.55 and its 200 day moving average price is $79.46.

NVE (NASDAQ:NVEC - Get Free Report) last issued its quarterly earnings data on Wednesday, January 22nd. The semiconductor company reported $0.63 earnings per share (EPS) for the quarter. NVE had a net margin of 58.88% and a return on equity of 24.62%.

About NVE

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.

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