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NVIDIA Corp Declares Dividend; Announces Share Repurchase Of Common Stock


Thursday, 8 Nov 2012 04:20pm EST 

NVIDIA Corp announced that the quarterly dividend of 7.5 cents per share, 30 cents on an annual basis, is equivalent to a yield of about 2.4%, based on the November 7 closing price of $12.61. It will be payable on December 14, 2012 to all shareholders of record on Nov. 23, 2012. NVIDIA is authorized, subject to certain specifications, to spend up to an additional $1.24 billion repurchasing shares of its common stock. Any future repurchases would be made in the open market, in privately negotiated transactions or in structured share-repurchase programs, and may be made from time to time or in one or more larger repurchases. The program will be conducted in compliance with the Securities and Exchange Commission's Rule 10b-18 and applicable legal requirements and shall be subject to market conditions and other factors. The repurchases would be funded from available working capital. Cash, cash equivalents and marketable securities at the end of the third quarter of fiscal 2013 were $3.43 billion. 

Company Quote

18.81
-0.08 -0.42%
4:00pm EDT