InterDigital, Inc. (IDCC) to Issue Quarterly Dividend of $0.70 on April 22nd

InterDigital, Inc. (NASDAQ:IDCC) declared a quarterly dividend on Tuesday, March 24th. Stockholders of record on Wednesday, April 8th will be paid a dividend of 0.70 per share by the Wireless communications provider on Wednesday, April 22nd. This represents a c) dividend on an annualized basis and a dividend yield of 0.9%. The ex-dividend date of this dividend is Wednesday, April 8th.

InterDigital has raised its dividend payment by an average of 0.1%annually over the last three years and has raised its dividend annually for the last 3 consecutive years. InterDigital has a dividend payout ratio of 42.4% indicating that its dividend is sufficiently covered by earnings. Equities analysts expect InterDigital to earn $6.86 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 40.8%.

InterDigital Stock Up 1.8%

Shares of IDCC stock opened at $311.05 on Thursday. The stock’s 50 day simple moving average is $347.67 and its 200 day simple moving average is $345.99. InterDigital has a twelve month low of $180.60 and a twelve month high of $412.60. The company has a debt-to-equity ratio of 0.01, a quick ratio of 1.84 and a current ratio of 1.84. The company has a market capitalization of $7.99 billion, a price-to-earnings ratio of 26.07 and a beta of 1.57.

InterDigital (NASDAQ:IDCC) last announced its quarterly earnings results on Thursday, February 5th. The Wireless communications provider reported $2.12 EPS for the quarter, beating the consensus estimate of $1.65 by $0.47. InterDigital had a return on equity of 41.09% and a net margin of 48.76%.The company had revenue of $158.23 million for the quarter, compared to the consensus estimate of $155.57 million. During the same quarter last year, the company posted $5.15 earnings per share. The company’s revenue for the quarter was down 37.4% compared to the same quarter last year. InterDigital has set its Q1 2026 guidance at 2.390-2.680 EPS. As a group, research analysts predict that InterDigital will post 9.21 EPS for the current year.

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.