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Ex-Dividend Reminder: NetApp, Roper Technologies and Marvell Technology

By Dividend Channel Staff, Tuesday, October 3, 9:58 AM ET
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On 10/5/23, NetApp, Inc. (NASDAQ:NTAP), Roper Technologies Inc (NASDAQ:ROP), and Marvell Technology Inc (NASDAQ:MRVL) will all trade ex-dividend for their respective upcoming dividends. NetApp, Inc. will pay its quarterly dividend of $0.50 on 10/25/23, Roper Technologies Inc will pay its quarterly dividend of $0.6825 on 10/23/23, and Marvell Technology Inc will pay its quarterly dividend of $0.06 on 10/25/23.

As a percentage of NTAP's recent stock price of $75.73, this dividend works out to approximately 0.66%, so look for shares of NetApp, Inc. to trade 0.66% lower — all else being equal — when NTAP shares open for trading on 10/5/23. Similarly, investors should look for ROP to open 0.14% lower in price and for MRVL to open 0.11% lower, all else being equal.

Below are dividend history charts for NTAP, ROP, and MRVL, showing historical dividends prior to the most recent ones declared.

NetApp, Inc. (NASDAQ:NTAP):

Roper Technologies Inc (NASDAQ:ROP):

Marvell Technology Inc (NASDAQ:MRVL):

In general, dividends are not always predictable, following the ups and downs of company profits over time. Therefore, a good first due diligence step in forming an expectation of annual yield going forward, is looking at the history above, for a sense of stability over time. This can help in judging whether the most recent dividends from these companies are likely to continue. If they do continue, the current estimated yields on annualized basis would be 2.64% for NetApp, Inc., 0.57% for Roper Technologies Inc, and 0.45% for Marvell Technology Inc.


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In Tuesday trading, NetApp, Inc. shares are currently off about 0.1%, Roper Technologies Inc shares are off about 0.5%, and Marvell Technology Inc shares are off about 1.5% on the day.


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