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

InterDigital, Inc. (NASDAQ:IDCC) declared a quarterly dividend on Tuesday, March 24th. Shareholders 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) annualized dividend and a dividend yield of 0.9%. The ex-dividend date of this dividend is Wednesday, April 8th.

InterDigital has raised 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 dividend payout ratio of 42.4% indicating that 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 Price Performance

Shares of NASDAQ:IDCC opened at $305.66 on Wednesday. InterDigital has a one year low of $180.60 and a one year high of $412.60. The stock has a fifty day moving average of $347.70 and a 200-day moving average of $346.23. The company has a market capitalization of $7.85 billion, a PE ratio of 25.62 and a beta of 1.57. The company has a debt-to-equity ratio of 0.01, a quick ratio of 1.84 and a current ratio of 1.84.

InterDigital (NASDAQ:IDCC) last released its quarterly earnings data on Thursday, February 5th. The Wireless communications provider reported $2.12 earnings per share for the quarter, topping the consensus estimate of $1.65 by $0.47. The business had revenue of $158.23 million during the quarter, compared to analyst estimates of $155.57 million. InterDigital had a return on equity of 41.09% and a net margin of 48.76%.The company’s revenue was down 37.4% compared to the same quarter last year. During the same period last year, the company posted $5.15 EPS. InterDigital has set its Q1 2026 guidance at 2.390-2.680 EPS. As a group, equities analysts anticipate that InterDigital will post 9.21 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of equities analysts recently weighed in on the company. Jefferies Financial Group reiterated a “buy” rating on shares of InterDigital in a research report on Wednesday, March 18th. Weiss Ratings lowered shares of InterDigital from a “buy (a-)” rating to a “buy (b+)” rating in a research note on Monday, December 29th. Wall Street Zen upgraded shares of InterDigital from a “sell” rating to a “hold” rating in a report on Saturday, March 7th. Roth Mkm reissued a “buy” rating on shares of InterDigital in a research report on Tuesday, January 20th. Finally, UBS Group set a $425.00 price target on shares of InterDigital in a report on Monday, December 1st. Four equities research analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $416.67.

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.