Network-1 Declares Semi-Annual Dividend
Rhea-AI Summary
Network-1 Technologies, Inc. (NYSE American: NTIP) has announced a semi-annual cash dividend of $0.05 per common share. The dividend is payable on September 26, 2024 to stockholders of record as of September 12, 2024. This decision is part of Network-1's dividend policy, which is subject to periodic review and potential changes based on the company's earnings, financial requirements, and other factors.
Network-1 is a company focused on developing, licensing, and protecting intellectual property. It currently owns 102 U.S. patents and 16 international patents covering various technologies in telecommunications, data networking, document stream operating systems, media content identification, and high-frequency trading. The company's strategy involves pursuing licensing opportunities for its intellectual property, with a focus on acquiring high-quality patents.
Positive
- Declared semi-annual cash dividend of $0.05 per common share
- Owns a portfolio of 102 U.S. patents and 16 international patents
- Remote Power Patent has generated over $188 million in licensing revenue from May 2007 through June 30, 2024
- Mirror Worlds Patent Portfolio has achieved $47.15 million in licensing and other revenue through June 30, 2024
Negative
- Dividend policy is subject to change based on company's financial performance and requirements
News Market Reaction – NTIP
On the day this news was published, NTIP gained 3.19%, reflecting a moderate positive market reaction.
Data tracked by StockTitan Argus on the day of publication.
NEW CANAAN, CT / ACCESSWIRE / August 27, 2024 / Network-1 Technologies, Inc. (NYSE American:NTIP) today announced that its Board of Directors has declared a semi-annual cash dividend of
The dividend policy of Network-1 undergoes a periodic review by the Board of Directors and is subject to change at any time depending on the earnings of Network-1, its financial requirements and other factors existing at the time. Future declarations of semi-annual dividends and the establishment of future record and payment dates are subject to the final determination and discretion of the Board of Directors.
ABOUT NETWORK-1 TECHNOLOGIES, INC.
Network-1 Technologies, Inc. is engaged in the development, licensing and protection of its intellectual property and proprietary technologies. Network-1 works with inventors and patent owners to assist in the development and monetization of their patented technologies. Network-1 currently owns one-hundred and two (102) U.S. patents and sixteen (16) international patents covering various telecommunications and data networking technologies as well as technologies relating to document stream operating systems, the identification of media content and high frequency trading. Network-1's current strategy includes continuing to pursue licensing opportunities for its intellectual property. Network-1's strategy is to focus on acquiring and investing in high quality patents which management believes have the potential to generate significant licensing opportunities as Network-1 has achieved with respect to its Remote Power Patent and Mirror Worlds Patent Portfolio. Network-1's Remote Power Patent has generated licensing revenue in excess of
Corey M. Horowitz, Chairman and CEO
Network-1 Technologies, Inc.
(917) 692-0000
SOURCE: Network-1 Technologies, Inc.
View the original press release on accesswire.com
FAQ
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