LONDON, UK / ACCESSWIRE / April 19, 2018 / Active-Investors has a free review on InterDigital, Inc. (NASDAQ: IDCC) following the Company's announcement that it will begin trading ex-dividend on April 20, 2018. To capture the dividend payout, investors must purchase the stock a day prior to the ex-dividend date that is by latest at the end of the trading session on April 19, 2018. Active-Investors has initiated due-diligence on this dividend stock. Register with us for more free research including the one on IDCC:
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On March 09, 2018, InterDigital announced that its Board of Directors has declared a regular quarterly cash dividend of $0.35 per share on its common stock, payable on May 01, 2018 to shareholders of record at the close of business on April 23, 2018.
InterDigital's indicated dividend represents a yield of 1.77%, which is substantially higher than the average dividend yield of 1.08% for the Technology sector. The Company has raised dividend for four years in a row.
InterDigital has a dividend payout ratio of 88.6%, which means that the Company spends approximately $0.89 for dividend distribution out of every $1.00 earned. The dividend payout ratio reflects how much amount a company is returning to shareholders versus how much money it is keeping on hand to reinvest in growth, to pay off debt, and/or to add to its cash reserves.
According to analysts' estimates, InterDigital is forecasted to report earnings of $2.17 for the next year, which is comfortably higher than the Company's annualized dividend of $1.40 per share.
In the fourth quarter 2017, InterDigital recorded $217.5 million of cash provided by operating activities compared to $233.3 million in Q4 2016. The Company generated $207.7 million of free cash flow in Q4 2017 compared to $222.5 million in Q4 2016. InterDigital's ending cash and short-term investments totaled $1.2 billion. The Company's strong financial position indicates its ability to absorb any fluctuations in earnings and cash flow and to sustain the dividend distribution for a long period.
Recent Development for InterDigital
On April 04, 2018, InterDigital, announced that the Company's patent licensing subsidiaries have signed a multi-year, worldwide, non-exclusive, royalty-bearing patent license agreement with Kyocera Corp.
The agreement covers sales by Kyocera Corporation and its affiliates of terminal unit products designed to operate in accordance with WCDMA and LTE standards, providing Kyocera expanded coverage for products in addition to those covered under their existing license agreement with InterDigital.
About InterDigital, Inc.
InterDigital develops mobile technologies that are at the core of devices, networks, and services worldwide. The Company solves many of the industry's most critical and complex technical challenges, inventing solutions for more efficient broadband networks and a richer multimedia experience year ahead of market deployment. InterDigital has licenses and strategic relationships with many of the world's leading wireless companies.
Founded in 1972, InterDigital is included in the S&P Midcap 400® index.
Stock Performance Snapshot
April 18, 2018 - At Wednesday's closing bell, InterDigital's stock slightly declined 0.31%, ending the trading session at $79.75.
Volume traded for the day: 252.81 thousand shares.
Stock performance in the last month – up 8.14%; previous three-month period – up 0.25%; past six-month period – up 6.98%; and year-to-date – up 4.73%
After yesterday's close, InterDigital's market cap was at $2.76 billion.
Price to Earnings (P/E) ratio was at 13.13.
The stock has a dividend yield of 1.76%.
The stock is part of the Technology sector, categorized under the Wireless Communications industry.
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