Nvidia raises dividend 2,400%

Nvidia disclosed the capital-return move in its first-quarter fiscal 2027 earnings release on May 20, pairing record revenue with a much larger commitment to shareholders. The company said it would raise its quarterly cash dividend from $0.01 a share to $0.25 a share and that its board had approved an additional $80 billion for share repurchases. The filing also said the new repurchase authorization has no expiration. Nvidia shares were quoted at $215.84 on its investor relations page on May 23 after the earnings release. ### How big is a 2,400% dividend increase in dollar terms? Nvidia said the dividend will rise by $0.24 a share each quarter, moving from one cent to 25 cents. That is the basis for the 2,400% figure cited in coverage of the announcement. The company said the higher dividend will be paid on June 26, 2026, to shareholders of record on June 4, 2026. (investor.nvidia.com) The 10-Q Nvidia filed with the Securities and Exchange Commission said 24.2 billion shares of common stock were outstanding as of May 15, 2026. Using that share count, the new quarterly dividend implies a cash outlay of roughly $6.05 billion per quarter, compared with about $242 million under the prior rate. That arithmetic is an inference from Nvidia’s disclosed share count and dividend rate. (investor.nvidia.com) ### What exactly did Nvidia authorize on buybacks? Nvidia said its board approved the additional $80 billion repurchase authorization on May 18, 2026. The company said the authorization is “without expiration,” meaning management is not working against a fixed deadline to use it. (sec.gov) As of April 26, the end of the first quarter, Nvidia said it still had $38.5 billion remaining under its prior repurchase authorization. During the quarter, the company said it returned about $20 billion to shareholders through repurchased shares and cash dividends. Adding the new authorization to the remaining balance would give Nvidia more than $118 billion of repurchase capacity, based on the figures in the earnings release. (investor.nvidia.com) That total is also an inference from Nvidia’s disclosed numbers. ### Why is the buyback larger than the dividend story? Nvidia paired the capital-return announcement with quarterly revenue of $81.6 billion, up 85% from a year earlier, and data center revenue of $75.2 billion, up 92%. The company also reported that it generated a record level of shareholder returns in the quarter, which helps explain why the buyback authorization was the larger headline number. (investor.nvidia.com) The company used the earnings release to present the dividend and buyback alongside its operating results rather than as a standalone capital-allocation announcement. Nvidia’s release said first-quarter fiscal 2027 revenue rose 20% from the prior quarter. ### Does this mean Nvidia is changing how it returns cash? (investor.nvidia.com) Nvidia had already been returning large sums through repurchases before this week’s move. In its fourth-quarter fiscal 2026 release, the company said it returned $41.1 billion to shareholders during fiscal 2026 and had $58.5 billion remaining under its authorization at that time. In its second-quarter fiscal 2026 release, Nvidia said the board had approved an additional $60 billion repurchase authorization on Aug. 26, 2025. (investor.nvidia.com) The next concrete dates are June 4 and June 26. Nvidia said shareholders must be on record by June 4, 2026, to receive the new quarterly dividend, and the cash payment is scheduled for June 26, 2026. (investor.nvidia.com 1) (investor.nvidia.com 2)