Marvell Technology Group Ltd. (NASDAQ:MRVL) Updates On Dividend Release Date


On 2016-05-19, Marvell Technology Group Ltd. (NASDAQ:MRVL) confirmed the dividend disbursement of $0.06 a share to shareholders as on record 2016-06-14. The firm will release dividend on 2016-07-12 while ex-dividend date is reported to be 2016-06-10.

The shareholders who will hold their stock holding till the ex-dividend date will receive payout. Last year, Marvell Technology Group Ltd. (NASDAQ:MRVL) paid a total of $0.06 per share in dividends. This figure stood at $0.06 a share in the same period a year ago indicating a deviation of 0%.

Analyst Opinion The sell-side market experts layering the stock estimates have established a price target of $12.666 on the stock. This figure is the average of recommendations offered by 15 brokerages. The brokerages had set bullish as well as bearish price estimates, which stands at $17.5 and $9, respectively.

Taking the mathematical rating formula, the price for Marvell Technology Group Ltd. (NASDAQ:MRVL) stands at 2.61. Earnings Review Marvell Technology Group Ltd. (NASDAQ:MRVL) will report its quarterly earnings for the period ending on 2016-07-31 by 2016-09-06. For the period ending on 2016-07-31, experts are expecting EPS of $0.06.

Coming to the quarter ending on 2016-01-31, Marvell Technology Group Ltd. (NASDAQ:MRVL) recorded EPS of $-0.04. The reported numbers came lower than the analysts’ estimates of $0, demonstrating a miss of $-0.04 as against reported figures.

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