Nvidia Announces $80 Billion Share Buyback and Dividend Increase
Nvidia plans an $80 billion stock repurchase program and raised its quarterly dividend to $0.25 per share. The company cited strong free cash flow as the basis for the moves.
nrn.comNvidia announced an $80 billion share repurchase program and increased its quarterly dividend to $0.25 per share. The company said the actions reflect its strong free cash flow position.
Officials noted that the company has been working on stock repurchases for years. The $80 billion buyback and dividend increase represent an opportunity given the company's strong free cash flow.
The moves come as the company continues to generate substantial cash from operations. No specific timeline for the repurchase program was disclosed in the announcement.
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