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

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

NVE Stock Performance

NASDAQ:NVEC opened at $76.25 on Friday. NVE has a 52 week low of $64.31 and a 52 week high of $90.24. The firm has a 50-day moving average price of $79.17 and a two-hundred day moving average price of $78.50. The firm has a market cap of $368.29 million, a price-to-earnings ratio of 21.85 and a beta of 1.14.

Insider Activity at NVE

In other NVE news, Director Terrence Glarner sold 344 shares of the business’s stock in a transaction 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 owns 1,200 shares of the company’s stock, valued at approximately $94,452. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. 1.90% of the stock is currently owned by company 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.