On January 21, 2015, NVE Corp. announced that its Board declared a cash dividend to shareholders in the aggregate amount of approximately $10,000,000. The Company also stated that it plans to continue quarterly dividends in excess of its free cash flow in order to return cash to its shareholders.

In addition, the Company stated that it plans to fund these dividends through cash provided by operating activities and proceeds from maturities of marketable securities. Further, the Company stated that its plan for capital allocation is to continue cash dividends and opportunistic share repurchases until it has significantly decreased its balance of cash plus marketable securities.