Ray Dolby and the other insiders are just collecting more income. They get shares for zero dollars and sell them at market. Its all profit.
For the share price to go up, it is necessary for Dolby to pay a dividend. It is barely a tech company any longer, and it isn't growing the way it once did. Even Qualcom pays a dividend, and it is a tech company. A dividend reward the shareholders just as the insiders are rewarding themselves with free shares.
I know this board is dead and no body reads any of this crap, but this is the best way for Dolby to spend some of its hoard of money and improve the results for everyone.