Nvidia's Dividend Investing Appeal: An Overview of NVDA Stocks
Wednesday, 9 October 2024, 14:12
Understanding Nvidia's Dividend for Income Investors
Nvidia's (NASDAQ: NVDA) recent quarterly dividend of $0.010 per share has left many potential income investors pondering its viability. Despite an impressive 179.05% year-to-date gain, is this dividend sufficient to draw in dividend-seeking investors?
Comparing NVDA Dividends to Competitors
- With a purchase of $1,000, investors could buy seven shares of NVDA.
- That investment would return only $0.070 or $0.28 annually, a contrast to competitors like Qualcomm (NASDAQ: QCOM) at $0.85.
- Nvidia's focus on growth over dividends leads to smaller payouts compared to more established peers.
The Case for Inclusion in an Income Portfolio
While NVDA's dividend alone may not suffice, incorporating it can provide diversity in a portfolio focused on growth. Analysts rate NVDA as a 'Strong Buy' with potential gains toward a 12-month price target of $149.54.
This article was prepared using information from open sources in accordance with the principles of Ethical Policy. The editorial team is not responsible for absolute accuracy, as it relies on data from the sources referenced.