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

NVE Co. (NASDAQ:NVEC) declared a quarterly dividend on Thursday, January 23rd,Wall Street Journal reports. Shareholders of record on Monday, February 3rd will be given a dividend of 1.00 per share by the semiconductor company on Friday, February 28th. This represents a $4.00 annualized dividend and a yield of 5.67%. The ex-dividend date is Monday, February 3rd.

NVE Stock Down 13.9 %

NASDAQ NVEC traded down $11.40 during trading on Thursday, hitting $70.58. The stock had a trading volume of 59,789 shares, compared to its average volume of 24,594. NVE has a twelve month low of $68.73 and a twelve month high of $90.24. The company has a market capitalization of $340.90 million, a PE ratio of 21.27 and a beta of 1.12. The firm has a 50 day moving average price of $79.55 and a 200 day moving average price of $79.46.

NVE (NASDAQ:NVEC) last announced its quarterly earnings data on Wednesday, January 22nd. The semiconductor company reported $0.63 EPS for the quarter. NVE had a return on equity of 24.62% and a net margin of 58.88%.

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.