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Form 8-K · Current Report · Filed 2024-12-13

Marvell Technology Declares Quarterly Dividend

Marvell Technology, Inc. announced on December 13, 2024, that its Board of Directors has declared a quarterly dividend of $0.06 per share to be paid on January 30, 2025, to stockholders of record as of January 10, 2025. This decision is subject to the Company's financial condition and other relevant factors.

Filer
Marvell Technology, Inc. MRVL · NASDAQ
Filed
Accession
0001835632-24-000211
CIK
0001835632
Signal
Medium impactTechnology

Items reported

Item 8.01

Other Events

Dividend Announced
Item 9.01

Financial Statements and Exhibits

Exhibits Furnished

Market reaction

Close before filing

$109.01

Next session

+14.5%

Since filing

+72.1%

Latest close

$187.56

What happened, not what will happen — closing prices around the filing date.

Precedent

Previous filings from MRVL reporting the same item, with the next session's move:

Exhibits (1)

About Marvell Technology, Inc.

Marvell Technology, Inc. is a semiconductor company that develops and supplies a broad array of comprehensive solutions for data infrastructure. The primary purpose of Marvell Technology is to provide innovative silicon and software infrastructure solutions bridging the data center, enterprise networking, carrier infrastructure, and consumer markets. The company is renowned for its expertise in data processing and storage, offering high speed connectivity products and custom ASIC solutions. Marvell's product portfolio significantly impacts sectors such as cloud services, automotive, and industrial applications, contributing to advancements in storage, networking, and connectivity. Established in 1995, Marvell has been pivotal in enhancing the speed and efficiency of data transfer, which is crucial in handling large amounts of data generated across various applications. The company's ability to innovate continually within its field of semiconductor solutions positions it as a key player in driving growth and evolution within the technology industry. By collaborating with leading technology firms and continuously integrating advanced technologies, Marvell plays a critical role in supporting global connectivity and data management.

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