Interdigital Announces Increase of Regular Quarterly Cash Dividend

Rhea-AI Summary

InterDigital (Nasdaq: IDCC), a mobile, video and AI technology R&D company, has announced an increase in its quarterly cash dividend. The Board of Directors approved a rise from $0.40 to $0.45 per share, effective from Q4 2024. Additionally, they declared a regular quarterly cash dividend of $0.45 per share on common stock, payable on October 23, 2024, to shareholders of record at the close of business on October 9, 2024. This increase demonstrates InterDigital's commitment to delivering value to its shareholders and confidence in its financial position.

Positive

• Quarterly dividend increased by 12.5% from $0.40 to $0.45 per share
• Dividend increase indicates company's strong financial position and confidence in future cash flows
• Higher dividend provides increased income for shareholders

Negative

• None.

WILMINGTON, Del., Sept. 10, 2024 (GLOBE NEWSWIRE) -- InterDigital, Inc. (Nasdaq: IDCC), a mobile, video and AI technology research and development company, today announced that its Board of Directors has approved an increase in the company’s quarterly cash dividend from $0.40 to $0.45 per share.

The increase in the regular quarterly dividend will take effect beginning with the dividend paid in fourth quarter 2024. The Board of Directors also declared a regular quarterly cash dividend of $0.45 per share on its common stock, payable on October 23, 2024, to shareholders of record at the close of business on October 9, 2024.

About InterDigital^®

InterDigital is a global research and development company focused primarily on wireless, video, artificial intelligence (“AI”), and related technologies. We design and develop foundational technologies that enable connected, immersive experiences in a broad range of communications and entertainment products and services. We license our innovations worldwide to companies providing such products and services, including makers of wireless communications devices, consumer electronics, IoT devices, cars and other motor vehicles, and providers of cloud-based services such as video streaming. As a leader in wireless technology, our engineers have designed and developed a wide range of innovations that are used in wireless products and networks, from the earliest digital cellular systems to 5G and today’s most advanced Wi-Fi technologies. We are also a leader in video processing and video encoding/decoding technology, with a significant AI research effort that intersects with both wireless and video technologies. Founded in 1972, InterDigital is listed on Nasdaq.

InterDigital is a registered trademark of InterDigital, Inc.

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

InterDigital Contact:
investor.relations@interdigital.com
+1 (302) 300-1857

FAQ

What is InterDigital's new quarterly dividend amount?

InterDigital's new quarterly dividend is $0.45 per share, increased from $0.40 per share.

When will InterDigital (IDCC) pay its next dividend?

InterDigital will pay its next dividend on October 23, 2024, to shareholders of record as of October 9, 2024.

How much has InterDigital (IDCC) increased its dividend?

InterDigital has increased its quarterly dividend by 12.5%, from $0.40 to $0.45 per share.

When will the increased dividend for InterDigital (IDCC) take effect?

The increased dividend for InterDigital will take effect beginning with the dividend paid in the fourth quarter of 2024.