How Much Will Nvidia Pay Out in Dividends This Year?
In 2012, Nvidia (NASDAQ: NVDA) declared its first dividend. At the time, the payout was worth around $0.001875 per share on a split-adjusted basis, equating to a dividend yield of around 2%.
Since then, the dividend payment per share has risen dramatically. But the total amount the company is paying in dividends today might surprise you.
Following a recent raise, Nvidia's dividend payout has climbed to $0.01 per share each quarter -- five times its original payment. But due to a rapid rise in its share price -- over the past decade, shares have increased in value by more than 27,000% -- the dividend yield has actually fallen to just 0.03%. Nvidia's management team simply believes that the best use of its cash today is to grow the business, not to distribute it to shareholders.
Source Fool.com
