Nvidia boosts cash dividend 2,400% after blockbuster May 20 earnings

Nvidia said on May 20 that it would raise its quarterly cash dividend to $0.25 a share from $0.01 after reporting record fiscal first-quarter revenue and profit. The increase amounts to 2,400%, according to the company’s earnings release filed with the U.S. Securities and Exchange Commission. Nvidia also said its board approved an additional $80 billion share repurchase authorization on May 18. The dividend increase and buyback expansion came as the chipmaker reported revenue of $81.6 billion for the quarter ended April 26, up 85% from a year earlier. ### How large was the dividend increase? Nvidia said the quarterly payout will rise 25-fold, to $0.25 per share from $0.01 per share. In percentage terms, that is a 2,400% increase. The company said the higher dividend will be paid on June 26, 2026, to shareholders of record on June 4, 2026. Barron’s reported that the move lifted Nvidia’s payout from what it described as the lowest yield in the S&P 500. (sec.gov) The increase follows an earlier dividend raise in 2024, when Nvidia lifted the quarterly payout by 900%, Barron’s said. ### What did Nvidia report alongside the dividend change? Nvidia reported first-quarter revenue of $81.6 billion, up 20% from the prior quarter and 85% from a year earlier, according to its May 20 earnings release. The company said data center revenue reached $75.2 billion, up 92% from a year earlier. (barrons.com) CNBC reported that Nvidia posted adjusted earnings per share of $1.87, compared with analyst expectations of $1.76. The company’s May 20 filing said the earnings materials were attached to an 8-K submitted to the SEC the same day. ### Why did the company pair the dividend with a larger buyback? Nvidia said in its earnings release that it had $38.5 billion remaining under its existing repurchase authorization at the end of the first quarter. (finance.yahoo.com) The company said its board added $80 billion to that authorization, with no expiration. (cnbc.com) The capital-return package shows that Nvidia is returning cash through both dividends and buybacks. During fiscal 2026, Nvidia returned $41.1 billion to shareholders through repurchases and cash dividends, according to the company’s fourth-quarter earnings release in March. ### If Nvidia raised the dividend so much, why did the stock still fall? (sec.gov) CNBC reported on May 20 that Nvidia shares slid after the earnings release even though the results beat Wall Street estimates. Motley Fool said on May 22 that the stock had fallen after earnings for a fourth consecutive report despite strong numbers. (sec.gov) Motley Fool said the dividend increase was not the main focus for investors compared with Nvidia’s operating results and outlook. That characterization was Motley Fool’s, not the company’s, but it matched the immediate market reaction after the release. ### Where can investors find the official details? (cnbc.com) The SEC filing dated May 20 includes Nvidia’s earnings press release and says the company posted additional CFO commentary to its investor relations site. Nvidia’s investor relations page for first-quarter fiscal 2027 results is the company’s main source for the release, presentation materials and webcast details. (fool.com) June 4, 2026, is the record date for the higher dividend, and June 26, 2026, is the payment date Nvidia gave shareholders in its filing. (sec.gov 1) (sec.gov 2)