Nvidia hikes quarterly dividend 2,400% after blowout quarter

Nvidia raised its quarterly cash dividend to $0.25 a share from $0.01 on May 20, a 2,400% increase disclosed alongside record quarterly revenue and a new $80 billion share repurchase authorization. The company said first-quarter fiscal 2027 revenue reached $81.6 billion for the period ended April 26, up 20% from the prior quarter and 85% from a year earlier. Nvidia also said its board approved the added buyback authority on May 18, with no expiration. The higher dividend will be paid on June 26 to shareholders of record on June 4. ### How big was the dividend increase in dollar terms? Nvidia said the quarterly payout will rise by $0.24 a share, moving from one cent to 25 cents. That is the basis for the 2,400% figure cited in investor materials and coverage of the earnings release. The increase is large in percentage terms because Nvidia had kept its regular quarterly dividend at a penny a share through recent quarters, including the payment announced with its fiscal 2026 fourth-quarter results. (investor.nvidia.com) The company did not present the dividend change as a shift away from growth spending. Nvidia included the increase in the same earnings release that highlighted record sales and continued demand for AI systems and data center products. ### Why did the buyback get more attention than the dividend? (investor.nvidia.com) Nvidia said it had $38.5 billion remaining under its previous repurchase authorization at the end of the first quarter, before the board added another $80 billion. That left the company with far more capacity for buybacks than for cash dividends, and CNBC reported the company was returning more money to shareholders through the enlarged repurchase plan as it released earnings. (investor.nvidia.com) The May 20 earnings release put all three figures together: $81.6 billion in quarterly revenue, an added $80 billion in repurchase authority, and the dividend increase to $0.25 a share. For shareholders, that means Nvidia paired a record operating quarter with a larger capital return program rather than announcing a one-time special distribution. (investor.nvidia.com) ### What did Nvidia report in the quarter itself? Nvidia said first-quarter fiscal 2027 revenue was $81.6 billion and data center revenue was $75.2 billion. The company described both as records, with data center sales up 92% from a year earlier. (investor.nvidia.com) The earnings materials filed with the SEC on May 20 also showed the dividend and buyback decisions were part of the formal quarterly disclosure, not a separate later announcement. Nvidia’s EDGAR page lists both an 8-K earnings release and a 10-Q for the quarter ended April 26 on that date. ### Does the bigger dividend make Nvidia a dividend stock? (investor.nvidia.com) Nvidia’s filing shows the company is paying more cash per share, but the structure of the announcement still points to buybacks as the larger return mechanism. The company’s own figures show tens of billions of dollars in repurchase capacity, while the dividend remains a regular quarterly payment set at 25 cents a share. (sec.gov) Yahoo Finance said the yield remains small even after the increase, while describing the move as a sign of how much cash Nvidia is generating from AI chip and systems demand. That characterization came after the company reported the quarter and detailed the new shareholder return measures. ### When do shareholders need to own the stock to get the higher payout? (investor.nvidia.com) Nvidia said shareholders of record on June 4, 2026, will receive the new quarterly dividend on June 26, 2026. The next formal update is likely to come with the company’s next quarterly earnings materials and SEC filings on its investor relations site and EDGAR page, where Nvidia posts press releases, 10-Qs and 8-Ks. (investor.nvidia.com) (finance.yahoo.com)