Nvidia Will Pay Its Next Cash Dividend on Oct. 1. Here's How Many Shares of Nvidia (NVDA) Stock You'd Need for $10,000 in Yearly Dividends.

Nvidia announced it will distribute a cash dividend of $0.25 per share on October 1 to shareholders on record as of September 10. This marks the second quarter in a row where Nvidia has increased its dividend payouts, which were just $0.01 per share in the previous quarter. While Nvidia's dividend yield is not exceptionally high, it is now outperforming industry peers like Apple, Alphabet, and Meta Platforms.

However, Nvidia's dividend may not be ideal for generating passive income, as 10,000 shares would be needed to earn $10,000 in yearly dividends, resulting in a $2,257,300 investment. Nevertheless, Nvidia's commitment to growing its earnings and dividends could transform it into a reliable dividend growth stock in the long run.