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On January 31, 2024, the investment firm managed by Chuck Royce (Trades, Portfolio) made a notable addition to its investment portfolio by acquiring 2,500 shares of NVE Corp (NASDAQ:NVEC), a company specializing in spintronics and nanotechnology. Charles M. Royce, a venerated figure in small-cap investing, has been at the helm of the Royce Pennsylvania Mutual Fund since 1972.
NVE Corp (NASDAQ:NVEC) recently announced a dividend of $1 per share, payable on 2024-02-28, with the ex-dividend date set for 2024-01-26. As investors look forward to this upcoming payment, the spotlight also shines on the company's dividend history, yield, and growth rates. Using the data from GuruFocus, let's look into NVE Corp's dividend performance and assess its sustainability.
Operator: Good day and thank you for standing by. Welcome to the NVE Corporation Conference Call on Third Quarter Results. At this time, all participants are in a listen-only mode.
Company announces a quarterly cash dividend of $1.00 per share
Operator: Welcome to the NVE conference call of First Quarter Results. [Operator Instructions]. Please be advised that today's conference is being recorded.