Nvidia to Return $1 Billion to Shareholders

/ 5 years ago

Nvidia Q1

In November 2012 Nvidia began the company’s quarterly dividend program. Today they have announced their plans to return $1 billon to its shareholders through a structured stock repurchase program, which includes the $100 million being repurchased in the current quarter and Nvidia’s quarterly dividend of $0.075 per share, around $50 million a quarter.

“NVIDIA’s strategies are gaining traction in the market and make us confident in our ability to continue generating cash,” said Jen-Hsun Huang, president and chief executive officer of NVIDIA. “We are now broadening our program of giving back cash to our shareholders and plan to return a further $1 billion by the end of this fiscal year.”

Right now Nvidia is projecting their returns for the program will be $1.2 Billion total by end of fiscal 2014. The first quarter of fiscal 2014 for the company ends April 28, that’s pretty soon.

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Speaking of the end of the quarter, they will have further details of the plan to reveal next month with the release of Nvidia’s financial results.


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One Response to “Nvidia to Return $1 Billion to Shareholders”
  1. Wayne says:

    And so they should after ripping off millions of unwitting consumers by selling mid range gpu’s at high end prices. Most notably the GK104 which powers the GTX680/670. They’re not alone dabbling in this unsavoury practice.

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