NVIDIA Announces 150% Quarterly Dividend Increase
Strong Financial Performance Drives Generous Dividend
NVDA Increases Quarterly Dividend to $0.10 per Share
SANTA CLARA, Calif. – August 3, 2023 – NVIDIA Corporation (NASDAQ: NVDA), a leading provider of artificial intelligence (AI) computing, today announced a 150% increase in its quarterly cash dividend from $0.04 per share to $0.10 per share of common stock.
The increased dividend reflects NVIDIA's strong financial performance and commitment to rewarding shareholders. The company's revenue has grown by over 50% in the past year, driven by the increasing demand for AI solutions across various industries.
"We are pleased to announce this significant increase in our dividend, which demonstrates our confidence in the company's future prospects," said Jensen Huang, NVIDIA's founder and CEO. "NVIDIA is well-positioned to continue delivering innovative AI solutions that are transforming businesses and industries around the world."
The dividend is payable on September 15, 2023, to shareholders of record as of the close of business on August 15, 2023.
Conclusion
NVIDIA's dividend increase is a testament to the company's financial strength and its commitment to rewarding shareholders. As AI continues to accelerate, NVIDIA's leadership in this rapidly growing market positions the company for continued success and value creation for its investors.
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