WILMINGTON, Del. - InterDigital , Inc. (NASDAQ:IDCC), a company specializing in the research and development of mobile, video, and AI technology, today announced an increase in its quarterly cash dividend. The Board of Directors has approved the dividend to rise from $0.45 to $0.60 per share, effective from the second quarter of 2025. This continues the company's impressive 15-year streak of consecutive dividend payments, as reported by InvestingPro.
This decision will result in shareholders receiving the new dividend amount on April 23, 2025, with eligibility for those holding shares at the close of business on April 9, 2025. The move to augment the dividend underscores the company's robust financial health, reflected in its impressive 76% gross profit margins and 28.5% revenue growth over the last twelve months. According to InvestingPro's analysis, InterDigital currently appears to be trading near its Fair Value, with the stock delivering a remarkable 79.5% return over the past year.
InterDigital has a history of developing foundational technologies that are integral to a wide array of communications and entertainment products and services. Their contributions span across wireless communications devices, consumer electronics, IoT devices, motor vehicles, and cloud-based services such as video streaming. The company's expertise in wireless technology has been pivotal from the earliest stages of digital cellular systems to the latest advancements in 5G and Wi-Fi technologies.
Moreover, InterDigital is recognized for its significant strides in video processing and encoding/decoding technology, alongside a robust AI research initiative that intersects with both wireless and video technologies. Since its establishment in 1972, InterDigital has been a constant player in the technological innovation landscape, holding a registered trademark and listing on the Nasdaq.
The increase in the quarterly dividend reflects the company's ongoing success and strategic position within the industry, offering investors a tangible return on their investment. This announcement is based on a press release statement issued by InterDigital, Inc.
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