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

Adeia Inc. (NASDAQ:ADEA) declared a quarterly dividend on Monday, November 3rd. Shareholders of record on Monday, November 24th will be given a dividend of 0.05 per share on Monday, December 15th. This represents a c) dividend on an annualized basis and a dividend yield of 1.4%. The ex-dividend date of this dividend is Monday, November 24th.

Adeia has decreased its dividend payment by an average of 0.2%per year over the last three years. Adeia has a payout ratio of 13.7% meaning its dividend is sufficiently covered by earnings.

Adeia Trading Down 16.1%

Shares of Adeia stock traded down $2.74 on Monday, reaching $14.30. 2,179,824 shares of the company’s stock were exchanged, compared to its average volume of 582,283. Adeia has a 52 week low of $10.59 and a 52 week high of $18.25. The firm’s 50-day moving average is $16.35 and its two-hundred day moving average is $14.53. The company has a debt-to-equity ratio of 1.06, a quick ratio of 3.09 and a current ratio of 3.09. The company has a market capitalization of $1.56 billion, a P/E ratio of 19.32 and a beta of 1.74.

Analyst Upgrades and Downgrades

A number of equities analysts recently issued reports on ADEA shares. Weiss Ratings reiterated a “hold (c)” rating on shares of Adeia in a report on Wednesday, October 8th. BWS Financial reissued a “buy” rating and issued a $18.00 price target on shares of Adeia in a research report on Monday, October 6th. Wall Street Zen lowered Adeia from a “buy” rating to a “hold” rating in a research report on Saturday, August 9th. Roth Capital reissued a “buy” rating on shares of Adeia in a research report on Monday. Finally, Zacks Research lowered Adeia from a “strong-buy” rating to a “hold” rating in a research report on Monday, October 6th. Four equities research analysts have rated the stock with a Buy rating and two have given a Hold rating to the company. According to MarketBeat, Adeia presently has a consensus rating of “Moderate Buy” and a consensus target price of $19.50.

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.