Marvell dividend
Marvell pays $0.06 each quarter, or $0.24 annually. Its $1,391.9 million of free cash flow covered the dividend, although dividends and buybacks together reached 161.3% of free cash flow.
How much does Marvell pay per share?
The base and bull cases use $0.24 annual dividends in every window. The bear keeps $0.24 through October 2027, then cuts it to $0.12. The latest declared quarterly dividend is $0.06, and the five-year record stayed at $0.24 annually. The forecast therefore treats a freeze as most likely, with a cut only if cash generation deteriorates.
| Jan 2026 | Feb 2025 | Feb 2024 | Jan 2023 | Jan 2022 | |
|---|---|---|---|---|---|
| − Dividends paid, per share | 0.24 | 0.24 | 0.24 | 0.24 | 0.24 |
| − Share buybacks, per share | 2.35 | 0.84 | 0.17 | 0.14 | 0.00 |
| = FCF not paid out, per share | 0.53 | 0.77 | 0.88 | 0.55 | |
| = Paid out more than FCF, per share | 0.98 |
Does Marvell's cash cover its dividend?
Free cash flow was $1,391.9 million, almost unchanged from $1,389.6 million. Its margin fell to 17.0% from 24.1% because sales grew faster than cash conversion. Marvell also expected about $1 billion of capacity prepayments in FY2027. These payments support future production but consume cash before chips are sold.
Buybacks became the largest shareholder return. In 2026, dividends and repurchases totalled $2,245.2 million, or 161.3% of free cash flow. Asset sales supplied $2,506.0 million, so part of the payout came from converting businesses into cash rather than from that year’s operations. Buybacks can increase each remaining owner’s share of future cash, but employee compensation and acquisitions can issue shares again.
| Jan 2026 | Feb 2025 | Feb 2024 | Jan 2023 | Jan 2022 | |
|---|---|---|---|---|---|
| Free cash flow | 1,391.9 | 1,389.6 | 1,020.3 | 1,071.5 | 632.4 |
| − Dividends paid | 205.1 | 207.5 | 206.8 | 204.4 | 191.0 |
| − Share buybacks | 2,040.1 | 725.0 | 150.0 | 115.0 | 0 |
| = Free cash flow not paid out | 457.1 | 663.5 | 752.1 | 441.4 | |
| = Paid out more than the free cash flow | 853.3 | ||||
| Paid out, % of free cash flow | 161.3% | 67.1% | 35.0% | 29.8% | 30.2% |
What could change Marvell's dividend?
The view moves toward the bear case in FY2027–FY2028 if custom design wins fail to become high-volume shipments, customer concentration worsens or supplier prepayments rise without matching receipts. Gross-margin pressure and weaker cash conversion through FY2029 would reinforce that shift.
What is Marvell's dividend yield today against its price?
| Today (Oct 12, 2026) | |
|---|---|
| Share price | 265.86 |
| Free cash flow yield (calculated) | 0.6% |
| Dividend yield (calculated) | 0.1% |