Immersion Corporation Declares Quarterly Dividend of $0.07 (NASDAQ:IMMR)

Immersion Corporation (NASDAQ:IMMRGet Free Report) declared a quarterly dividend on Thursday, July 2nd. Investors of record on Monday, July 20th will be paid a dividend of 0.075 per share by the software maker on Friday, July 31st. This represents a c) dividend on an annualized basis and a yield of 4.4%. The ex-dividend date of this dividend is Monday, July 20th.

Immersion Price Performance

Shares of Immersion stock remained flat at $6.78 on Friday. 436,912 shares of the stock traded hands, compared to its average volume of 633,590. Immersion has a twelve month low of $5.25 and a twelve month high of $8.15. The company has a current ratio of 1.83, a quick ratio of 1.16 and a debt-to-equity ratio of 0.25. The stock has a market cap of $224.42 million, a P/E ratio of 339.00 and a beta of 1.02. The business has a 50 day simple moving average of $6.45 and a 200-day simple moving average of $6.35.

Immersion (NASDAQ:IMMRGet Free Report) last announced its earnings results on Friday, May 1st. The software maker reported ($0.31) EPS for the quarter. The firm had revenue of $518.49 million for the quarter. Immersion had a negative return on equity of 4.54% and a negative net margin of 0.97%. On average, equities research analysts predict that Immersion will post -0.04 earnings per share for the current fiscal year.

Immersion Company Profile

(Get Free Report)

Immersion Corporation is a technology company specializing in the development and licensing of haptic feedback solutions. The company’s proprietary software and hardware technologies enable devices to simulate the sense of touch, enhancing user experiences across a range of electronic products. Immersion’s core offerings include touch-feedback algorithms, software development kits, and reference designs that can be integrated into smartphones, gaming controllers, wearable devices, automotive infotainment systems, medical simulators and virtual or augmented reality platforms.

Since its founding in 1993, Immersion has built an extensive intellectual property portfolio of more than 950 issued patents worldwide.

Further Reading

Dividend History for Immersion (NASDAQ:IMMR)

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