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

NVE Co. (NASDAQ:NVEC) announced a quarterly dividend on Wednesday, October 23rd, Zacks reports. Stockholders of record on Monday, November 4th will be given a dividend of 1.00 per share by the semiconductor company on Friday, November 29th. This represents a $4.00 annualized dividend and a dividend yield of 5.27%. The ex-dividend date of this dividend is Monday, November 4th.

NVE Trading Up 0.7 %

Shares of NVE stock opened at $75.92 on Friday. The company has a fifty day moving average price of $78.60 and a 200 day moving average price of $78.22. NVE has a twelve month low of $67.11 and a twelve month high of $90.24. The stock has a market cap of $367.00 million, a price-to-earnings ratio of 22.73 and a beta of 1.15.

Insider Transactions at NVE

In related news, Director Terrence Glarner sold 344 shares of the business’s stock in a transaction that occurred on Thursday, August 15th. The stock was sold at an average price of $78.71, for a total transaction of $27,076.24. Following the transaction, the director now directly owns 1,200 shares of the company’s stock, valued at approximately $94,452. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Company insiders own 1.90% of the company’s stock.

NVE Company Profile

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.