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

Adeia Inc. (NASDAQ:ADEA) announced a quarterly dividend on Monday, February 23rd. Investors of record on Monday, March 16th will be paid a dividend of 0.05 per share on Monday, March 30th. This represents a c) annualized dividend and a yield of 1.1%. The ex-dividend date is Monday, March 16th.

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

Adeia Price Performance

NASDAQ:ADEA traded up $0.21 during trading hours on Tuesday, reaching $18.69. The company had a trading volume of 296,663 shares, compared to its average volume of 808,257. The company has a quick ratio of 3.72, a current ratio of 3.72 and a debt-to-equity ratio of 1.01. The stock has a 50-day moving average of $17.93 and a two-hundred day moving average of $16.03. Adeia has a one year low of $10.59 and a one year high of $20.33. The firm has a market capitalization of $2.05 billion, a PE ratio of 28.54 and a beta of 1.44.

About Adeia

Adeia Inc (NASDAQ: ADEA) is a technology licensing company that focuses on acquiring, managing and monetizing intellectual property assets in the electronics and communications sectors. The company’s core business involves the strategic purchase of patent portfolios followed by the negotiation of licensing agreements, collaborative partnerships and, where necessary, enforcement actions to generate revenue from those assets. Adeia’s technology coverage spans semiconductor design, data communications, wireless networking, imaging systems and other advanced electronics applications.

By assembling a diversified collection of high-value patent families, Adeia works closely with original equipment manufacturers, semiconductor suppliers and service providers across North America, Europe and Asia.