Graphics specialist and mobile chip maker NVIDIA intends to return $1 billion of capital to investors this fiscal year, the company announced today.
The return will be in the form of share repurchases as well as dividends, including $100 million in stock being repurchased in the current quarter.
The company launched its quarterly dividend program in November 2012, and has since returned $200 million to shareholders to date. That total includes $100 million in stock buybacks and $100 million in dividends so far. Most of the $1 billion will be through the company's repurchase program. The company's quarterly dividend is $0.075 per share, amounting to about $50 million a quarter.
CEO Jen-Hsun Huang expressed confidence in NVIDIA's cash-generating capabilities, saying its strategies are gaining traction.
The article NVIDIA to Return $1 Billion to Investors This Year originally appeared on Fool.com.
Fool contributor Evan Niu, CFA, has no position in any stocks mentioned. The Motley Fool recommends NVIDIA. Try any of our Foolish newsletter services free for 30 days. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.
Copyright © 1995 - 2013 The Motley Fool, LLC. All rights reserved. The Motley Fool has a disclosure policy.