InterDigital, Inc. (NASDAQ:IDCC – Get Free Report) declared a quarterly dividend on Wednesday, September 9th. Stockholders of record on Wednesday, October 14th will be paid a dividend of 0.75 per share by the Wireless communications provider on Wednesday, October 28th. This represents a c) dividend on an annualized basis and a dividend yield of 0.9%. The ex-dividend date is Wednesday, October 14th. This is a 7.1% increase from InterDigital’s previous quarterly dividend of $0.70.
InterDigital has increased its dividend payment by an average of 0.1%annually over the last three years and has raised its dividend every year for the last 3 years. InterDigital has a payout ratio of 42.4% indicating that its dividend is sufficiently covered by earnings. Equities research analysts expect InterDigital to earn $9.02 per share next year, which means the company should continue to be able to cover its $2.80 annual dividend with an expected future payout ratio of 31.0%.
InterDigital Stock Performance
Shares of IDCC stock opened at $339.34 on Thursday. The company has a market capitalization of $8.76 billion, a price-to-earnings ratio of 39.14 and a beta of 1.43. InterDigital has a 1-year low of $249.14 and a 1-year high of $412.60. The company has a current ratio of 1.74, a quick ratio of 1.74 and a debt-to-equity ratio of 0.01. The stock’s fifty day simple moving average is $307.62 and its 200-day simple moving average is $310.76.
InterDigital Company Profile
InterDigital, Inc is a mobile and video technology research and development company that designs and licenses wireless communications and video compression innovations. Its patent portfolio encompasses key standards across 3G, 4G LTE and 5G wireless networks, as well as video and multimedia technologies. By focusing on fundamental technology creation rather than device manufacturing, InterDigital delivers core intellectual property to smartphone manufacturers, chipset vendors and telecommunications operators worldwide.
The company’s principal services include patent licensing, technology evaluation and consulting.
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