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NVE (NVEC) 3-Year Dividend Growth Rate : 0.00% (As of Dec. 2023)


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What is NVE 3-Year Dividend Growth Rate?

NVE's Dividends per Share for the three months ended in Dec. 2023 was $1.00.

The historical rank and industry rank for NVE's 3-Year Dividend Growth Rate or its related term are showing as below:

During the past 13 years, the highest 3-Year average Dividends Per Share Growth Rate of NVE was 24.80% per year. The lowest was 24.80% per year. And the median was 24.80% per year.

NVEC's 3-Year Dividend Growth Rate is not ranked *
in the Semiconductors industry.
Industry Median: 18.6
* Ranked among companies with meaningful 3-Year Dividend Growth Rate only.

Please click Growth Rate Calculation Example (GuruFocus) to see how GuruFocus calculates Wal-Mart Stores Inc (WMT)'s revenue growth rate. You can apply the same method to get the average dividends per share growth rate.

NVE's Dividend Payout Ratio for the three months ended in Dec. 2023 was 1.15. As of today, NVE's Dividend Yield % is 4.98%.

Warning Sign:

If a company's dividend payout ratio is too high, its dividend may not be sustainable. The dividend payout ratio of NVE Corp is 0.90, which seems too high.

For more information regarding to dividend, please check our Dividend Page.


Competitive Comparison of NVE's 3-Year Dividend Growth Rate

For the Semiconductors subindustry, NVE's 3-Year Dividend Growth Rate, along with its competitors' market caps and 3-Year Dividend Growth Rate data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.


NVE's 3-Year Dividend Growth Rate Distribution in the Semiconductors Industry

For the Semiconductors industry and Technology sector, NVE's 3-Year Dividend Growth Rate distribution charts can be found below:

* The bar in red indicates where NVE's 3-Year Dividend Growth Rate falls into.



NVE 3-Year Dividend Growth Rate Calculation

This is the average annual rate that a company has been raising its dividends. The growth rate is calculated with expontential compound based on the latest four year annual data.

Please click Growth Rate Calculation Example (GuruFocus) to see how GuruFocus calculates Wal-Mart Stores Inc (WMT)'s revenue growth rate. You can apply the same method to get the average dividends per share growth rate.


NVE  (NAS:NVEC) 3-Year Dividend Growth Rate Explanation

1. Dividend Payout Ratio measures the percentage of the company's earnings paid out as dividends.

NVE's Dividend Payout Ratio for the quarter that ended in Dec. 2023 is calculated as

Dividend Payout Ratio=Dividends per Share (Q: Dec. 2023 )/ EPS without NRI (Q: Dec. 2023 )
=1/ 0.87
=1.15

During the past 13 years, the highest Dividend Payout Ratio of NVE was 1.65. The lowest was 0.70. And the median was 1.34.

Warning Sign:

If a company's dividend payout ratio is too high, its dividend may not be sustainable. The dividend payout ratio of NVE Corp is 0.90, which seems too high.

2. Dividend Yield % measures how much a company pays out in dividends each year relative to its share price.

NVE Recent Full-Year* Dividend History

Amount Ex-date Record Date Pay Date Type Frequency Forex Rate
USD 1.0002024-01-262024-01-292024-02-28Cash DividendquarterlyUSD:USD 1.000000
USD 1.0002023-10-272023-10-302023-11-30Cash DividendquarterlyUSD:USD 1.000000
USD 1.0002023-07-282023-07-312023-08-31Cash DividendquarterlyUSD:USD 1.000000
USD 1.0002023-05-122023-05-152023-05-31Cash DividendquarterlyUSD:USD 1.000000

* GuruFocus has an internal rule that if the most recent dividend payment frequency is at least 4 times a year, then the full year will be calculated according to the frequency of payment or the one-year time frame, whichever is stricter.
* GuruFocus converts dividend currency to local traded share price currency in order to calculate dividend yield. Please refer to the last column "Forex Rate" in the above table.

NVE's Dividend Yield (%) for Today is calculated as

Dividend Yield %=Most Recent Full Year Dividend/Current Share Price
=4/80.38
=4.98 %

Current Share Price is $80.38.
NVE's Dividends per Share for the trailing twelve months (TTM) ended in Today is $4.

During the past 13 years, the highest Dividend Yield of NVE was 11.00%. The lowest was 2.63%. And the median was 5.63%.

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.


NVE 3-Year Dividend Growth Rate Related Terms>


NVE (NVEC) Business Description

Industry
Traded in Other Exchanges
Address
11409 Valley View Road, Eden Prarie, MN, USA, 55344
NVE Corp develops and sells devices that use spintronics, a nanotechnology that relies on electron spin. It manufactures high-performance spintronic products including sensors and couplers that are used to acquire and transmit data. The company's products include Digital sensors, Medical sensors, Rotation Sensors, GT Sensors, Angle Sensors, Analog sensors, MSOP Isolators, Passive-In Transceivers, and others. The company manufactures high-performance spintronic products including sensors and couplers. The company's designs are based on giant magnetoresistance GMR and tunneling magnetoresistance TMR combined with integrated circuitry.
Executives
Patricia M Hollister director 3455 LYMAN BLVD, CHASKA MN 55318-3052
Daniel A Baker director, officer: President and CEO 11409 VALLEY VIEW ROAD, EDEN PRAIRIE MN 55344-3617
Terrence Glarner director 160 MONTROSE PLACE, ST. PAUL MN 55104
James W Bracke director 15411 MASON POINTE, EDEN PRAIRIE MN 55347
Curt A Reynders officer: Chief Financial Officer 11409 VALLEY VIEW ROAD, EDEN PRAIRIE MN 55344
James D Hartman director
Richard W Kramp director 174 STONEBRIDGE ROAD, ST. PAUL MN 55118
Gary R Maharaj director 9924 WEST 74TH STREET, EDEN PRAIRIE MN 55344
Robert Irish director 17910-39TH PLACE NORTH, PLYMOUTH MN 55446
Daughton James Dr director, 10 percent owner, officer: Chief Technology Officer
Richard George officer: Chief Financial Officer
Wells Fargo & Company/mn 10 percent owner 420 MONTGOMERY STREET, SAN FRANCISCO CA 94163
Partners Itasca 10 percent owner 3600 IDS CENTER, 80 SOUTH EIGHT ST, MINNEAPOLIS MN 55402
Norwest Equity Partners Iv Lp /mn/ 10 percent owner 3600 IDS CENTER 80 SOUTH EIGHTH STREET, MINNEAPOLIS MN 554026
Still George J Jr 10 percent owner NORWEST VENTURE PARTNERS, 525 UNIVERSITY AVENUE, SUITE 800, PALO ALTO CA 94301

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