InterDigital, Inc. (IDCC) To Go Ex-Dividend on July 8th

InterDigital, Inc. (NASDAQ:IDCC) declared a quarterly dividend on Thursday, June 11th. Stockholders of record on Wednesday, July 8th will be given a dividend of 0.70 per share by the Wireless communications provider on Wednesday, July 22nd. This represents a c) dividend on an annualized basis and a dividend yield of 1.0%. The ex-dividend date of this dividend is Wednesday, July 8th.

InterDigital has raised its dividend 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. Analysts expect InterDigital to earn $8.57 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 32.7%.

InterDigital Stock Up 2.6%

InterDigital stock opened at $283.73 on Friday. InterDigital has a twelve month low of $213.06 and a twelve month high of $412.60. The firm has a 50 day moving average price of $300.42 and a 200-day moving average price of $326.39. The company has a market capitalization of $7.33 billion, a P/E ratio of 26.72 and a beta of 1.43. The company has a quick ratio of 1.88, a current ratio of 1.88 and a debt-to-equity ratio of 0.01.

InterDigital (NASDAQ:IDCC) last released its earnings results on Thursday, April 30th. The Wireless communications provider reported $2.57 earnings per share for the quarter, beating analysts’ consensus estimates of $2.54 by $0.03. InterDigital had a net margin of 44.20% and a return on equity of 35.25%. The firm had revenue of $205.42 million during the quarter, compared to the consensus estimate of $196.85 million. During the same period in the prior year, the firm earned $3.45 EPS. The company’s revenue was down 2.4% compared to the same quarter last year. InterDigital has set its Q2 2026 guidance at 1.410-1.600 EPS and its FY 2026 guidance at 8.740-11.840 EPS. As a group, equities analysts predict that InterDigital will post 7.41 EPS for the current year.

About InterDigital

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.