Bloomberg Surveillance · Thursday, September 3, 2026
David Bonson suggests that Nvidia's small dividend is primarily a nominal yield to allow ETFs that require dividend-paying stocks to purchase their shares. He calls this practice 'borderline fraudulent' by the ETFs, though not by Nvidia itself, as it's intended solely to pass screens and open up the investor audience.
“Well, when you say small yield, we're understating the point a little bit. It's a nominal yield. It's tip money. It's not really what we consider to be even a yield. So that ETFs that say they have to have a dividend to buy them are able to buy them. It's borderline fraudulent, but it's not fraudulent by the company. NVIDIA is doing nothing wrong, but the ETFs are. Fascinating. It's purely to pass on the screen.”