InterDigital, Inc. (NASDAQ:IDCC) Plans $0.70 Quarterly Dividend

InterDigital, Inc. (NASDAQ:IDCC) declared a quarterly dividend on Tuesday, March 24th. Stockholders of record on Wednesday, April 8th will be given 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 is Wednesday, April 8th.

InterDigital has increased its dividend payment by an average of 0.1%per year over the last three years and has increased its dividend annually for the last 3 consecutive years. InterDigital has a payout ratio of 42.4% meaning its dividend is sufficiently covered by earnings. 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 Trading Up 2.9%

NASDAQ:IDCC opened at $314.46 on Wednesday. InterDigital has a 12 month low of $180.60 and a 12 month high of $412.60. The company has a current ratio of 1.84, a quick ratio of 1.84 and a debt-to-equity ratio of 0.01. The firm’s 50 day moving average is $347.70 and its 200 day moving average is $346.23. The stock has a market capitalization of $8.08 billion, a PE ratio of 26.00 and a beta of 1.57.

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