InterDigital, Inc. (NASDAQ:IDCC) Announces $0.70 Quarterly Dividend

InterDigital, Inc. (NASDAQ:IDCC) announced a quarterly dividend on Thursday, June 11th. Stockholders of record on Wednesday, July 8th will be given a dividend of 0.70 per share by the Wireless communications provider on Wednesday, July 22nd. This represents a c) dividend on an annualized basis and a dividend yield of 1.0%. The ex-dividend date is Wednesday, July 8th.

InterDigital has increased its dividend by an average of 0.1%annually over the last three years and has raised its dividend annually for the last 3 consecutive years. InterDigital has a payout ratio of 42.4% meaning its dividend is sufficiently covered by earnings. Equities research analysts expect InterDigital to earn $8.57 per share next year, which means the company should continue to be able to cover its $2.80 annual dividend with an expected future payout ratio of 32.7%.

InterDigital Price Performance

NASDAQ IDCC opened at $276.66 on Friday. The company has a quick ratio of 1.88, a current ratio of 1.88 and a debt-to-equity ratio of 0.01. InterDigital has a 12-month low of $213.06 and a 12-month high of $412.60. The company has a market capitalization of $7.15 billion, a PE ratio of 26.05 and a beta of 1.43. The firm’s 50 day moving average is $300.87 and its 200-day moving average is $326.69.

InterDigital (NASDAQ:IDCC) last posted its quarterly earnings data on Thursday, April 30th. The Wireless communications provider reported $2.57 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.54 by $0.03. InterDigital had a net margin of 44.20% and a return on equity of 35.25%. The company had revenue of $205.42 million for the quarter, compared to the consensus estimate of $196.85 million. During the same period last year, the company earned $3.45 earnings per share. The firm’s revenue was down 2.4% compared to the same quarter last year. InterDigital has set its Q2 2026 guidance at 1.410-1.600 EPS and its FY 2026 guidance at 8.740-11.840 EPS. Equities research analysts anticipate that InterDigital will post 7.41 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

Several equities analysts recently weighed in on the stock. Jefferies Financial Group reissued a “buy” rating on shares of InterDigital in a research note on Wednesday, March 18th. Weiss Ratings reissued a “buy (b)” rating on shares of InterDigital in a research note on Friday, May 1st. Finally, Wall Street Zen raised shares of InterDigital from a “sell” rating to a “hold” rating in a research note on Saturday, March 7th. Four analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company. Based on data from MarketBeat, InterDigital currently has a consensus rating of “Moderate Buy” and a consensus target price of $416.67.

InterDigital Company Profile

InterDigital, Inc is a mobile and video technology research and development company that designs and licenses wireless communications and video compression innovations. Its patent portfolio encompasses key standards across 3G, 4G LTE and 5G wireless networks, as well as video and multimedia technologies. By focusing on fundamental technology creation rather than device manufacturing, InterDigital delivers core intellectual property to smartphone manufacturers, chipset vendors and telecommunications operators worldwide.

The company’s principal services include patent licensing, technology evaluation and consulting.