WILMINGTON, DE — InterDigital, Inc. (Nasdaq: IDCC), a prominent player in mobile and video technology research and development, has announced its Board of Directors recenlty declared a regular quarterly cash dividend of $0.40 per share on its common stock. The dividend will be payable on January 24, 2024, to shareholders of record at the close of business on January 10, 2024.
This announcement comes as part of InterDigital’s continued commitment to return capital to its shareholders. The company’s dividend yield currently stands at an impressive 1.6%, with an annual dividend of $1.60, reflecting the firm’s robust financial health and its ability to generate consistent profits.
The company’s recent dividend history shows a steady increase in payouts, with the last ex-dividend date being October 10, 2023, when the company paid out $0.40 per share. Prior to that, a dividend of $0.35 per share was distributed on July 26, 2023. This pattern reflects the company’s strong commitment to maintaining a sustainable dividend policy and rewarding its shareholders.
InterDigital’s consistent dividend payouts are an indicator of its financial stability and its commitment to share its success with its investors. The regular quarterly cash dividends provide a steady income stream for shareholders, which is especially appealing to income-focused investors.
The upcoming payout will be the company’s first dividend payment of 2024, setting a positive tone for the year ahead. Given InterDigital’s track record of consistent and increasing dividends, shareholders can likely look forward to further rewards as the year progresses.
InterDigital’s shares will trade ex-dividend one day before the record date, on January 9, 2024. Therefore, investors who wish to receive the upcoming dividend payout should aim to own InterDigital’s shares at least by this date.
This announcement highlights InterDigital’s robust financial performance and commitment to enhancing shareholder value. As the company continues to pioneer advancements in mobile and video technology, its shareholders can expect to reap the benefits of its success.
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