Our analysis is based on comparing NVE Corp. with the following peers – Silicon Laboratories Inc., Broadcom Limited, Texas Instruments Incorporated, Maxim Integrated Products, Inc., Vishay Intertechnology, Inc., Analog Devices, Inc., Invensense, Inc. and Cypress Semiconductor Corporation (SLAB-US, AVGO-US, TXN-US, MXIM-US, VSH-US, ADI-US, INVN-US and CY-US).
NVE Corp.’s dividend yield is 6.35 percent and its dividend payout is 149.25 percent. This compares to a peer median dividend yield of 2.34 percent and a payout level of 57.34 percent. This type of dividend performance might make it a good stock for dividend investors. In addition, the company’s relatively good dividend quality score of 75 out of a possible score of 100 points to some sustainability of its robust payout ratio, and underscores its attractiveness for dividend investors seeking current income.
Dividend Quality Overview
- Over the last twelve months (prior to March 31, 2017), NVEC-US paid a high quality dividend, which represents a yield of 5.08% at the current price.
- Dividend quality trend has not been consistent over the last five years. Dividends were paid during 3 of these years — of these 2 were high quality and 1 was medium quality.
- The ending cash balance, with a dividend coverage of 1.44x, provides a moderate cushion in case of a significant reduction of cash flows in the future.
Quadrant label definitions. Hover to know more
Over the last twelve months (prior to March 31, 2017), NVEC-US paid a high quality dividend.
The source of the company’s cash to support the dividend paid over the last twelve months is operating cash flow (coverage of 0.64x), investing cash flow (coverage of 0.38x), issuance cash flow (coverage of 0.01x) and twelve-month prior cash (coverage of 1.41x), for a total dividend coverage of 2.44x.
These coverage ratio factors imply that the firm’s dividends are wholly paid from operating and investing cash flows net of any debt repayments, which suggests a high dividend quality.
|Dividend Yield (%)||0||0||2.99||7.1||4.83||6.35|
|Dividend Payout (%)||0||0||69.83||158.1||149.25||149.25|
A complete list of metrics and analysis is available on the company page.
NVE Corp. develops and sells devices that use spintronics, a nanotechnology that relies on electron spin rather than electron charge to acquire, store and transmit information. The company manufactures spintronic products including sensors and couplers that are used to acquire and transmit data in industrial, scientific, and medical applications. It licenses its spintronic magnetoresistive random access memory technology, commonly known as MRAM. The company was founded by James M. Daughton in 1989 and is headquartered in Eden Prairie, MN.
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