NVIDIA to Return $1 Billion to Shareholders in Current Fiscal Year
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NVIDIA announced yesterday that it will return $1 billion this fiscal year to shareholders in the form of stock buybacks and dividend payments, including $100 million in stock being repurchased this quarter. This will bring to $1.2 billion the total capital returned to shareholders since the company announced its quarterly dividend program in November 2012.
“NVIDIA’s strategies are gaining traction in the market and make us confident in our ability to continue generating cash,” said Jen-Hsun Huang, president and chief executive officer of NVIDIA. “We are now broadening our program of giving back cash to our shareholders and plan to return a further $1 billion by the end of this fiscal year.”
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