Marvell Technology Group Ltd. (MRVL) Ex-Dividend Date Scheduled for June 11, 2013


Marvell Technology Group Ltd. ( MRVL ) will begin trading ex-dividend on June 11, 2013. A cash dividend payment of $0.06 per share is scheduled to be paid on July 03, 2013. Shareholders who purchased MRVL stock prior to the ex-dividend date are eligible for the cash dividend payment. This marks the 5th quarter that MRVL has paid the same dividend. At the current stock price of $11.24, the dividend yield is 2.14%.

The previous trading day's last sale of MRVL was $11.24, representing a -9.13% decrease from the 52 week high of $12.37 and a 61.03% increase over the 52 week low of $6.98.

MRVL is a part of the Technology sector, which includes companies such as Intel Corporation ( INTC ) and Taiwan Semiconductor Manufacturing Company Ltd. ( TSM ). MRVL's current earnings per share, an indicator of a company's profitability, is $.48. Zacks Investment Research reports MRVL's forecasted earnings growth in 2014 as -10%, compared to an industry average of -15.6%.

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 )
  • SPDR S&P Semiconductor ETF ( XSD )
  • First Trust Technology AlphaDEX ( FXL )
  • TrimTabs Float Shrink ETF ( TTFS )
  • Schwab U.S. Large-Cap Growth ETF ( SCHG ).

The top-performing ETF of this group is XSD with an increase of 21.66% 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

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