NVIDIA to Return $1 Billion to its Investors in Current Fiscal

NVIDIA has announced that it will return $1 billion in this fiscal year to shareholders in the form of stock buybacks and dividend payments. This program will include $100 million in stock to be repurchased in this quarter.

This return program will bring capital return to shareholders of the company to $1.2 billion over the last five quarters. The company had previously disclosed the return of $200 million in capital to shareholders since November 2012. This total includes $100 million in shares repurchased in its fiscal fourth quarter ended Jan. 27, 2013 and $100 million in dividends paid in the current and previous quarters.

The return of a further $1 billion will largely be through a stock repurchase program, which includes the $100 million being repurchased in the current quarter. It also includes the company’s quarterly dividend of $0.075 per share, which has amounted to about $50 million a quarter.

Jen-Hsun Huang, President and CEO of NVIDIA said, "NVIDIA’s strategies are gaining traction in the market and make us confident in our ability to continue generating cash. 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."

The company will further discuss the details of this program next month along with the release of NVIDIA’s financial results for the first quarter of fiscal 2014 ending April 28, 2013.