Quarterhill Inc (QTRH) Announces $0.01 Quarterly Dividend
Quarterhill Inc (TSE:QTRH) announced a quarterly dividend on Thursday, June 14th, TickerTech reports. Stockholders of record on Friday, July 6th will be given a dividend of 0.0125 per share on Friday, July 6th. This represents a $0.05 annualized dividend and a dividend yield of 3.13%. The ex-dividend date of this dividend is Thursday, June 14th.
Shares of QTRH traded up C$0.01 during mid-day trading on Wednesday, hitting C$1.60. The company’s stock had a trading volume of 147,600 shares, compared to its average volume of 246,191. Quarterhill has a 1-year low of C$1.55 and a 1-year high of C$2.65.
Several equities analysts recently issued reports on QTRH shares. Cormark cut Quarterhill from a “buy” rating to a “market perform” rating and reduced their price objective for the stock from C$3.00 to C$2.10 in a report on Friday, May 11th. Canaccord Genuity cut Quarterhill from a “buy” rating to a “speculative buy” rating and reduced their price objective for the stock from C$3.00 to C$2.60 in a report on Friday, March 2nd.
Quarterhill Inc focuses on acquisition and management of technology companies that provides products and services worldwide. Its Technology segment licenses patent technologies to approximately 355 companies. Its patent portfolios include patents relating to 3D television, phased loop semiconductor, semiconductor manufacturing and packaging, medical stent, intelligent personal assistant, streaming video, semiconductor clocking, LED lighting, smart meter monitoring, non-volatile flash memory and other memory, building automation, enhanced image processing, computer gaming, and various other technologies; automotive headlight assemblies, microcontrollers applicable to safety-critical aerospace, and CMOS image sensors; and medical, industrial, and automotive applications.
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