Adeia Inc. Plans Quarterly Dividend of $0.05 (NASDAQ:ADEA)

Adeia Inc. (NASDAQ:ADEAGet Free Report) declared a quarterly dividend on Monday, February 23rd. Shareholders of record on Monday, March 16th will be paid a dividend of 0.05 per share on Monday, March 30th. This represents a c) dividend on an annualized basis and a yield of 1.0%. The ex-dividend date of this dividend is Monday, March 16th.

Adeia has decreased its dividend payment by an average of 0.2%per year over the last three years. Adeia has a dividend payout ratio of 13.7% meaning its dividend is sufficiently covered by earnings.

Adeia Stock Up 3.1%

ADEA stock traded up $0.58 during mid-day trading on Tuesday, hitting $19.06. The stock had a trading volume of 379,489 shares, compared to its average volume of 808,257. The stock has a market capitalization of $2.09 billion, a price-to-earnings ratio of 28.99 and a beta of 1.44. The company has a current ratio of 3.72, a quick ratio of 3.72 and a debt-to-equity ratio of 1.01. Adeia has a 1-year low of $10.59 and a 1-year high of $20.33. The company has a fifty day moving average of $17.93 and a 200 day moving average of $16.03.

Key Adeia News

Here are the key news stories impacting Adeia this week:

Adeia Company Profile

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Adeia Inc (NASDAQ: ADEA) is a technology licensing company that focuses on acquiring, managing and monetizing intellectual property assets in the electronics and communications sectors. The company’s core business involves the strategic purchase of patent portfolios followed by the negotiation of licensing agreements, collaborative partnerships and, where necessary, enforcement actions to generate revenue from those assets. Adeia’s technology coverage spans semiconductor design, data communications, wireless networking, imaging systems and other advanced electronics applications.

By assembling a diversified collection of high-value patent families, Adeia works closely with original equipment manufacturers, semiconductor suppliers and service providers across North America, Europe and Asia.

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Dividend History for Adeia (NASDAQ:ADEA)

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