Marvell Technology Group Ltd. (MRVL) Ex-Dividend Date Scheduled for December 11, 2012

By NASDAQ.com News,  December 07, 2012, 09:00:03 AM EDT

Marvell Technology Group Ltd. ( MRVL ) has announced an ex-dividend date of December 11, 2012 and a cash dividend payment of $0.06 per share scheduled for December 21, 2012. Shareholders who purchased MRVL stock prior to the ex-dividend date are eligible for the cash dividend payment. This marks the 3rd quarter that MRVL has paid the same dividend. At the current stock price of $8.87, the dividend yield is 2.71%.

The previous trading day's last sale of MRVL was $8.87, representing a -47.39% decrease from the 52 week high of $16.86 and a 25.82% increase over the 52 week low of $7.05.

MRVL is a part of the Technology sector, which includes companies such as Intel Corporation ( INTC ) and Taiwan Semiconductor Manufacturing Company Limited ( TSM ). MRVL's current earnings per share, an indicator of a company's profitability, is $.58. Zacks Investment Research reports MRVL's forecasted earnings growth in 2013 as -44.44%, compared to an industry average of -15.4%.

For more information on the declaration, record and payment dates, visit the MRVL Dividend History page.

Interested in gaining exposure to MRVL through an Exchange Traded Fund [ETF]?
The following ETF(s) have MRVL as a top-10 holding:

  • PowerShares Dynamic Semiconductors ( PSI )
  • Schwab U.S. Large-Cap Growth ETF ( SCHG ).

The top-performing ETF of this group is SCHG with an increase of 5% over the last 100 days. PSI has the highest percent weighting of MRVL at 4.24%.




The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of The NASDAQ OMX Group, Inc.


This article appears in: News Headlines, Stocks

Referenced Stocks: INTC, MRVL, PSI, SCHG, TSM



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