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

Adeia Inc. (NASDAQ:ADEA) announced a quarterly dividend on Wednesday, July 24th, Wall Street Journal reports. Stockholders of record on Tuesday, August 27th will be paid a dividend of 0.05 per share on Tuesday, September 17th. This represents a $0.20 annualized dividend and a dividend yield of 1.66%. The ex-dividend date of this dividend is Tuesday, August 27th.

Adeia has decreased its dividend payment by an average of 26.3% per year over the last three years. Adeia has a dividend payout ratio of 13.4% indicating that its dividend is sufficiently covered by earnings.

Adeia Price Performance

NASDAQ ADEA opened at $12.07 on Monday. The company has a current ratio of 3.00, a quick ratio of 3.00 and a debt-to-equity ratio of 1.42. Adeia has a 1 year low of $8.11 and a 1 year high of $13.39. The company has a market cap of $1.31 billion, a PE ratio of 35.50 and a beta of 1.47. The stock’s 50-day moving average price is $11.25 and its two-hundred day moving average price is $11.17.

Analyst Ratings Changes

ADEA has been the subject of several research analyst reports. Rosenblatt Securities restated a “buy” rating and issued a $15.00 price target on shares of Adeia in a research report on Thursday, June 20th. BWS Financial reissued a “buy” rating and set a $16.00 price target on shares of Adeia in a research report on Thursday, August 8th.

Adeia Company Profile

Adeia Inc, together with its subsidiaries, operates as a media and semiconductor intellectual property licensing company in the United States, Canada, Asia, Europe, the Middle East, and internationally. The company licenses its patent portfolios across various markets, including multichannel video programming distributors comprising cable, satellite, and telecommunications television providers that aggregate and distribute linear content over networks, as well as television providers that aggregate and stream linear content over broadband networks; over-the-top video service providers and social media companies, such as subscription video-on-demand and advertising-supported streaming service providers, as well as content providers, networks, and media companies.