NVE Co. (NASDAQ:NVEC – Get Free Report) 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 dividend on an annualized basis and a dividend yield of 5.27%. The ex-dividend date of this dividend is Monday, November 4th.
NVE Price Performance
NVEC opened at $75.92 on Friday. The stock has a market capitalization of $367.00 million, a PE ratio of 22.73 and a beta of 1.15. NVE has a 12-month low of $67.11 and a 12-month high of $90.24. The firm’s fifty day moving average price is $78.60 and its 200 day moving average price is $78.22.
Insider Activity at NVE
In other NVE news, Director Terrence Glarner sold 344 shares of the business’s stock in a transaction on Thursday, August 15th. The shares were sold at an average price of $78.71, for a total transaction of $27,076.24. Following the completion of the sale, the director now owns 1,200 shares in the company, valued at $94,452. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Corporate insiders own 1.90% of the company’s stock.
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.
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