Summary by Futu AI
On September 13, 2024, Marvell Technology, Inc. announced that its Board of Directors has approved a quarterly dividend of $0.06 per share. The dividend is scheduled to be paid on October 31, 2024, to shareholders who are on record as of October 11, 2024. The announcement was made through a press release and is part of a Form 8-K filing with the United States Securities and Exchange Commission. The company highlighted that the payment of future dividends will depend on various factors including the company's operational results, cash balances, financial condition, and statutory requirements, as well as other considerations deemed relevant by the Board of Directors. Marvell Technology, which is listed on the Nasdaq Global Select Market under the ticker MRVL, is known for providing semiconductor solutions that power data infrastructure technology.