Nvidia increased its quarterly cash dividend last month by 150%, raising it from $0.04 per share to $0.10 per share. This increase is equivalent to $0.01 per share on a post-split basis and will be paid on June 28, 2024, to all shareholders of record on June 11, 2024.
Melius Research projects that Nvidia will generate $270 billion in cash over the next three years, due to its edge in the booming AI space1. This could potentially set the stage for significant shareholder returns.
Nvidia shares have soared by approximately 84% so far this year, significantly boosting the company's market cap by $303 billion6. This increase has been driven primarily by investor perception that Nvidia is well-positioned to take advantage of the ongoing boom in artificial intelligence technologies.