InterDigital Board of Directors Declares Regular Quarterly Cash Dividend

(Neutral)

Rhea-AI Summary

InterDigital, Inc. (NASDAQ:IDCC) has declared a regular quarterly cash dividend of $0.35 per share, payable on April 28, 2021, to shareholders on record by April 14, 2021. This announcement reflects the company’s commitment to returning value to its shareholders. InterDigital specializes in mobile and video technology research and development, addressing critical industry challenges while holding strategic relationships with major technology firms. The company is part of the S&P MidCap 400 index.

Positive

Declaration of quarterly cash dividend of $0.35 per share, reflecting commitment to shareholder value.
Strong market position with strategic relationships with leading technology companies.
Included in the S&P MidCap 400 index, indicating solid market performance.

Negative

None.

News Market Reaction – IDCC

+2.58%

+2.58% Session move

In the trading session that priced this news, IDCC gained 2.58%, reflecting a moderate positive market reaction.

Data tracked by StockTitan Argus on the day of publication.

AI-generated analysis. How Rhea-AI works. Not financial advice.

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03/31/2021 - 04:30 PM

WILMINGTON, Del., March 31, 2021 (GLOBE NEWSWIRE) -- InterDigital, Inc. (NASDAQ:IDCC), a mobile and video technology research and development company, today announced that its Board of Directors has declared a regular quarterly cash dividend of $0.35 per share on its common stock, payable on April 28, 2021 to shareholders of record at the close of business on April 14, 2021.

About InterDigital^®

InterDigital develops mobile and video technologies that are at the core of devices, networks, and services worldwide. We solve many of the industry’s most critical and complex technical challenges, inventing solutions for more efficient broadband networks, better video delivery, and richer multimedia experiences years ahead of market deployment. InterDigital has licenses and strategic relationships with many of the world’s leading technology companies. Founded in 1972, InterDigital is listed on NASDAQ and is included in the S&P MidCap 400^® index.

InterDigital is a registered trademark of InterDigital, Inc.

For more information, visit: www.interdigital.com.

InterDigital Contact:
Tiziana Figliolia
Tiziana.figliolia@interdigital.com
+1 (302) 300-1857

FAQ

What is the dividend amount declared by InterDigital?

InterDigital declared a quarterly cash dividend of $0.35 per share.

When will the dividend be paid to shareholders?

The dividend will be paid on April 28, 2021.

What is the record date for the dividend payment?

The record date for the dividend payment is April 14, 2021.

How does the dividend impact IDCC shareholders?

The dividend distribution indicates a return on investment and shareholder value enhancement.