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

InterDigital, Inc. (NASDAQ:IDCC) announced a quarterly dividend on Thursday, June 11th. Stockholders of record on Wednesday, July 8th will be paid 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 increased its dividend 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 payout ratio of 42.4% meaning its dividend is sufficiently covered by earnings. Research 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 Price Performance

Shares of NASDAQ:IDCC opened at $276.66 on Friday. The company has a market cap of $7.15 billion, a P/E ratio of 26.05 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 has a 52 week low of $213.06 and a 52 week high of $412.60. The business has a fifty day simple moving average of $300.87 and a 200-day simple moving average of $326.69.

InterDigital (NASDAQ:IDCC) last announced its quarterly earnings data on Thursday, April 30th. The Wireless communications provider reported $2.57 EPS for the quarter, beating analysts’ consensus estimates of $2.54 by $0.03. InterDigital had a return on equity of 35.25% and a net margin of 44.20%.The business had revenue of $205.42 million during the quarter, compared to the consensus estimate of $196.85 million. During the same quarter in the previous year, the business earned $3.45 earnings per share. The business’s revenue for the quarter was down 2.4% on a year-over-year basis. InterDigital has set its Q2 2026 guidance at 1.410-1.600 EPS and its FY 2026 guidance at 8.740-11.840 EPS. Equities research analysts forecast 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.