Published on 21 Jan 2024 on Simply Wall St. via Yahoo Finance

NVE Corporation (NASDAQ:NVEC) Will Pay A US$1.00 Dividend In Four Days

NVE Corporation (NASDAQ:NVEC) stock is about to trade ex-dividend in 4 days. Typically, the ex-dividend date is one business day before the record date which is the date on which a company determines the shareholders eligible to receive a dividend. The ex-dividend date is an important date to be aware of as any purchase of the stock made on or after this date might mean a late settlement that doesn't show on the record date. Meaning, you will need to purchase NVE's shares before the 26th of January to receive the dividend, which will be paid on the 28th of February.

The company's next dividend payment will be US$1.00 per share, and in the last 12 months, the company paid a total of US$4.00 per share. Calculating the last year's worth of payments shows that NVE has a trailing yield of 5.2% on the current share price of $77.35. We love seeing companies pay a dividend, but it's also important to be sure that laying the golden eggs isn't going to kill our golden goose! That's why we should always check whether the dividend payments appear sustainable, and if the company is growing.

See our latest analysis for NVE