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Nvidia just handed shareholders a dividend increase so large it looks like a typo. The chipmaker boosted its quarterly payout from $0.01 to $0.25 per share, a 2,400% jump that transforms what was essentially a token gesture into a meaningful income stream. The company announced the raise alongside its fiscal Q1 2027 results in May 2026, with the first payments under the new rate hitting accounts in June.
Nvidia wasn’t alone in the generosity department. Micron Technology lifted its quarterly dividend 30.4% to $0.15 per share, while OTC Markets Group declared a $0.30 quarterly dividend, continuing a pattern of hikes exceeding 30%. All three companies are riding waves of demand that have turned their balance sheets into cash-generating machines.
The numbers behind the raises
Nvidia’s increase is the headline grabber, and for good reason. At the new $0.25 quarterly rate, the company’s annualized dividend stream reaches approximately $24 to $25 billion, putting it in the conversation as the second-largest dividend payer in the US, trailing only Microsoft by some estimates. The company returned a record $26 billion to shareholders in fiscal Q2 2027 through a combination of dividends and share buybacks.
Nvidia has committed to returning at least 50% of its free cash flow to shareholders.
Micron’s raise, while more modest in percentage terms, tells a similar story. The memory chipmaker declared the increase on March 18, 2026, with the higher $0.15 rate payable starting April 15. Subsequent quarters have sustained that level, suggesting the company views the bump as a new baseline rather than a one-time flex.
OTC Markets Group, the operator of over-the-counter trading platforms, declared its $0.30 quarterly dividend on August 5, 2026, with an ex-dividend date of September 3 and a payment date of September 17. The company has built a track record of annual dividend hikes exceeding 30%.
AI demand is doing the heavy lifting
The common thread connecting at least two of these three companies is artificial intelligence. Nvidia’s GPUs have become the essential hardware for training and running AI models, driving revenue growth that has made a 2,400% dividend increase not just possible but sustainable. Micron, which manufactures high-bandwidth memory chips critical to AI data center infrastructure, has similarly benefited from insatiable demand for its products.
Despite the size of these increases, none of the three companies have pushed themselves into high-yield territory. Nvidia’s dividend yield remains below 0.5%, which means the stock isn’t suddenly going to appear on income screeners alongside utilities and REITs.
Disclosure: This article was edited by Editorial Team. For more information on how we create and review content, see our Editorial Policy.
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