Nvidia board approves $80B buyback, raises dividend to $0.25 per share

Nvidia said on May 20 that its board had approved an additional $80 billion in share repurchases and lifted the company’s quarterly cash dividend to $0.25 a share, a sharp increase from $0.01 previously. The capital-return moves were disclosed alongside Nvidia’s first-quarter fiscal 2027 earnings release, which reported record revenue of $81.6 billion for the quarter ended April 26. Yahoo Finance highlighted the actions on May 22 as investors weighed a muted stock reaction to Nvidia’s latest results. ### When did Nvidia actually approve the buyback and dividend increase? Nvidia said in its May 20 earnings release that the board had approved the measures, but outside coverage, including Yahoo Finance, described the approvals as having been dated May 18. The company’s investor relations page states the board authorized an additional $80.0 billion for repurchases and increased the quarterly cash dividend from $0.01 to $0.25 per share. (investor.nvidia.com) May 20 is the date Nvidia publicly announced the changes. That distinction matters because the board action and the public disclosure were not presented as the same event in all coverage. ### How large is the dividend increase? The quarterly dividend was raised to $0.25 per share from $0.01 per share, according to Nvidia and Yahoo Finance. (investor.nvidia.com) On the face of those figures, that is a 25-fold increase in the quarterly payout. June 26 is the payment date for the new dividend, Nvidia said, and shareholders must be on record as of June 4 to receive it. (investor.nvidia.com) Yahoo Finance reported the same timetable. ### What does “additional $80 billion” mean here? Nvidia described the repurchase plan as an additional $80.0 billion authorization, not a replacement of an earlier program. (investor.nvidia.com) The company said the authorization has no expiration date. Nvidia has expanded its buyback authority repeatedly over the past two years. In August 2025, the board approved an additional $60.0 billion in repurchases, and in August 2024 it approved an additional $50.0 billion, both without expiration, according to prior company releases. (investor.nvidia.com) ### Why did this show up with the earnings release? Nvidia paired the capital-return announcement with first-quarter fiscal 2027 results showing record revenue of $81.6 billion and record data center revenue of $75.2 billion. The company’s release presented the buyback and dividend increase as part of the same earnings package. (investor.nvidia.com) Yahoo Finance reported the moves as part of broader coverage of Nvidia’s earnings-day stock reaction, framing them as a shareholder-return signal even as investors debated valuation and expectations after the report. That framing came from Yahoo Finance’s May 22 coverage, not from Nvidia itself. (investor.nvidia.com) ### What should investors watch next? June 4 is the shareholder record date for the new dividend, and June 26 is the payment date Nvidia gave for the $0.25 quarterly payout. The buyback authorization does not expire, so future quarterly filings and earnings releases will show how much of the new $80 billion authority the company actually uses. (investor.nvidia.com) (finance.yahoo.com)