NVE Co. (NVEC) To Go Ex-Dividend on November 4th

NVE Co. (NASDAQ:NVEC) announced a quarterly dividend on Wednesday, October 23rd, Zacks reports. Investors of record on Monday, November 4th will be given a dividend of 1.00 per share by the semiconductor company on Friday, November 29th. This represents a $4.00 annualized dividend and a yield of 5.27%. The ex-dividend date is Monday, November 4th.

NVE Stock Up 0.7 %

NASDAQ:NVEC opened at $75.92 on Friday. The company’s 50 day moving average is $78.60 and its 200-day moving average is $78.22. NVE has a 12 month low of $67.11 and a 12 month high of $90.24. The firm has a market cap of $366.69 million, a price-to-earnings ratio of 22.73 and a beta of 1.14.

Insider Activity at NVE

In other NVE news, Director Terrence Glarner sold 344 shares of the business’s stock in a transaction on Thursday, August 15th. The shares were sold at an average price of $78.71, for a total transaction of $27,076.24. Following the completion of the transaction, the director now owns 1,200 shares of the company’s stock, valued at $94,452. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 1.90% of the stock is currently owned by company insiders.

NVE Company Profile

NVE Corporation develops and sells devices that use spintronics, a nanotechnology that relies on electron spin to acquire, store, and transmit information in the United States and internationally. The company manufactures spintronic products, including sensors and couplers for use in acquiring and transmitting data.