Add as a preferred source on GoogleNVE Corporation Sets Nov. 30 Payment for $1 Quarterly Dividend
The payout is unchanged from prior quarters. Revenue fell in the second quarter, while revenue and net income rose for the first six months.
The board approved a $1.00 cash dividend for each common share, with payment scheduled for Nov. 30. Shareholders must be on record Nov. 2 to qualify for the payment.
The company has maintained its $1.00 quarterly payout since 2015. Future dividends require board approval.
For the quarter ended Sept. 30, revenue was $5,834,702, down from $6,346,992 a year earlier. Net income was $3,173,159, or $0.65 per diluted share, compared with $3,310,838, or $0.68, in the prior-year quarter.
For the six months ended Sept. 30, revenue increased to $16,868,759 from $12,451,636. Net income rose to $9,567,350, or $1.97 per diluted share, from $6,886,656, or $1.42.
NVE makes sensors and couplers using spintronics technology. Its common stock trades on Nasdaq under the ticker NVEC.
John Kim
John Kim reports on the digital-asset business for TokenPost. Send corrections or tips to info@tokenpost.com.