NVE Co. (NVEC) to Issue Quarterly Dividend of $1.00 on November 29th

NVE Co. (NASDAQ:NVEC) declared a quarterly dividend on Wednesday, October 23rd, Zacks reports. Stockholders of record on Monday, November 4th will be paid a dividend of 1.00 per share by the semiconductor company on Friday, November 29th. This represents a $4.00 annualized dividend and a dividend yield of 5.25%. The ex-dividend date of this dividend is Monday, November 4th.

NVE Stock Performance

NASDAQ:NVEC opened at $76.25 on Friday. The firm has a market cap of $368.29 million, a P/E ratio of 21.85 and a beta of 1.14. NVE has a fifty-two week low of $64.31 and a fifty-two week high of $90.24. The firm has a 50-day simple moving average of $79.17 and a two-hundred day simple moving average of $78.50.

Insider Activity at NVE

In related news, Director Terrence Glarner sold 344 shares of the company’s stock in a transaction that occurred on Thursday, August 15th. The stock was sold at an average price of $78.71, for a total value of $27,076.24. Following the transaction, the director now directly owns 1,200 shares of the company’s stock, valued at approximately $94,452. This represents a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. 1.90% of the stock is owned by insiders.

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.