NVIDIA dividend: cash coverage and yield
NVIDIA pays $0.25 per share quarterly, and its dividend per share appears in the results history. NVIDIA's free cash flow funds dividends, with the rest split among buybacks and other uses.
How much does NVIDIA pay in dividends?
| Jan 2026 | Jan 2025 | Jan 2024 | Jan 2023 | Jan 2022 | |
|---|---|---|---|---|---|
| Revenue | 215,938 | 130,497 | 60,922 | 26,974 | 26,914 |
| Net income | 120,067 | 72,880 | 29,760 | 4,368 | 9,752 |
| EPS, diluted | 4.90 | 2.94 | 1.19 | 0.17 | 0.39 |
| Dividend per share | 0.04 | 0.03 | 0.02 | 0.02 | 0.02 |
What this means. Operating income includes company-wide costs such as stock pay and acquisition costs, so it is lower than the profit reported by the individual business segments.
Does NVIDIA's dividend come from its cash?
Free cash flow is the cash left after operating the business and buying necessary equipment and intangible assets. NVIDIA can use it for buybacks, dividends, investments, acquisitions or liquidity. A buyback pays shareholders who sell and reduces the number of shares outstanding; a dividend pays shareholders directly. Because buybacks have become the larger form of return, shareholder payouts have not always matched the cash generated in the same year.
| Jan 2026 | Jan 2025 | Jan 2024 | Jan 2023 | Jan 2022 | |
|---|---|---|---|---|---|
| Free cash flow | 96,676 | 60,853 | 27,021 | 3,808 | 8,132 |
| − Dividends paid | 974 | 834 | 395 | 398 | 399 |
| − Share buybacks | 40,086 | 33,706 | 9,533 | 10,039 | 0 |
| = Free cash flow not paid out | 55,616 | 26,313 | 17,093 | 7,733 | |
| Paid out, % of free cash flow | 42.5% | 56.8% | 36.7% | 274.1% | 4.9% |
What this means. In January 2023, the company paid shareholders more cash than it generated, so it had to use savings or new borrowing.
What could change NVIDIA's dividend?
Dividends begin at $1.00 per share because the new quarterly rate is $0.25. The base case raises that amount by 5% annually. The bear case holds it flat. The bull case raises it by 25% annually. The modest base path reflects strong cash generation, but also NVIDIA’s preference for buybacks and the board’s continuing discretion over dividends.
What is NVIDIA's dividend yield against its share price?
| Today (Oct 16, 2026) | |
|---|---|
| Share price | 216.62 |
| P/E, next 12 months (calculated) | 13.7x |
| Free cash flow yield (calculated) | 1.9% |
| Real free cash flow yield (calculated) | 1.7% |
| Dividend yield (calculated) | 0.5% |
What this means. NVIDIA’s whole-business value is lower than its stock-market value because it has more cash and short-term investments than debt.