NVE Corp. announced that its Board of Directors declared a cash dividend to shareholders in the aggregate amount of $10 million, payable February 27, 2015 to shareholders of record as of February 2, 2015. This represents a dividend of approximately $2.06 per share of common stock share based on shares outstanding as of January 16, 2015.

The company's Board also plans to declare cash dividends for future quarters significantly above the company's current free cash flow. All future dividends will be subject to Board approval and subject to the company's results of operations, cash and marketable security balances, the timing of securities maturations, estimates of future cash requirements, fixed asset requirements, and other factors the Board may deem relevant.