Adeia Inc. (ADEA) To Go Ex-Dividend on August 26th

Adeia Inc. (NASDAQ:ADEA) announced a quarterly dividend on Tuesday, August 5th, Wall Street Journal reports. Shareholders of record on Tuesday, August 26th will be paid a dividend of 0.05 per share on Tuesday, September 16th. This represents a c) dividend on an annualized basis and a yield of 1.3%. The ex-dividend date of this dividend is Tuesday, August 26th.

Adeia has a payout ratio of 13.7% meaning its dividend is sufficiently covered by earnings.

Adeia Stock Up 6.3%

ADEA opened at $15.52 on Friday. The firm’s 50 day simple moving average is $14.01 and its two-hundred day simple moving average is $13.61. The company has a market capitalization of $1.70 billion, a PE ratio of 20.97 and a beta of 1.53. Adeia has a 1-year low of $10.59 and a 1-year high of $17.46. The company has a current ratio of 3.09, a quick ratio of 3.09 and a debt-to-equity ratio of 1.06.

About Adeia

Adeia Inc, together with its subsidiaries, operates as a media and semiconductor intellectual property licensing company in the United States, Canada, Asia, Europe, the Middle East, and internationally. The company licenses its patent portfolios across various markets, including multichannel video programming distributors comprising cable, satellite, and telecommunications television providers that aggregate and distribute linear content over networks, as well as television providers that aggregate and stream linear content over broadband networks; over-the-top video service providers and social media companies, such as subscription video-on-demand and advertising-supported streaming service providers, as well as content providers, networks, and media companies.