InterDigital, Inc. (IDCC) to Issue Quarterly Dividend of $0.70 on October 22nd

InterDigital, Inc. (NASDAQ:IDCC) announced a quarterly dividend on Wednesday, September 17th, RTT News reports. Shareholders of record on Wednesday, October 8th will be paid a dividend of 0.70 per share by the Wireless communications provider on Wednesday, October 22nd. This represents a c) annualized dividend and a yield of 0.8%. The ex-dividend date is Wednesday, October 8th. This is a 16.7% increase from InterDigital’s previous quarterly dividend of $0.60.

InterDigital has a dividend payout ratio of 36.3% indicating that its dividend is sufficiently covered by earnings. Analysts expect InterDigital to earn $6.86 per share next year, which means the company should continue to be able to cover its $2.40 annual dividend with an expected future payout ratio of 35.0%.

InterDigital Stock Performance

Shares of NASDAQ:IDCC opened at $339.21 on Friday. The firm has a market capitalization of $8.75 billion, a PE ratio of 24.18, a P/E/G ratio of 1.63 and a beta of 1.42. The company has a debt-to-equity ratio of 0.02, a current ratio of 1.96 and a quick ratio of 1.96. The business has a 50-day moving average of $266.57 and a two-hundred day moving average of $231.58. InterDigital has a 12 month low of $135.13 and a 12 month high of $340.10.

InterDigital (NASDAQ:IDCC) last announced its quarterly earnings results on Thursday, July 31st. The Wireless communications provider reported $6.52 EPS for the quarter, topping the consensus estimate of $2.77 by $3.75. The company had revenue of $300.60 million during the quarter, compared to analyst estimates of $167.93 million. InterDigital had a return on equity of 53.44% and a net margin of 51.92%.The firm’s revenue was up 34.5% on a year-over-year basis. During the same period in the prior year, the firm posted $4.57 earnings per share. InterDigital has set its FY 2025 guidance at 14.170-14.770 EPS. Q3 2025 guidance at 1.520-1.720 EPS. As a group, research analysts forecast that InterDigital will post 9.21 earnings per share for the current year.

Analyst Upgrades and Downgrades

Separately, Roth Capital increased their target price on InterDigital from $270.00 to $350.00 and gave the company a “buy” rating in a research note on Friday, September 12th. One investment analyst has rated the stock with a Buy rating, According to data from MarketBeat.com, the stock currently has a consensus rating of “Buy” and an average price target of $350.00.

About InterDigital

InterDigital, Inc operates as a global research and development company with focus primarily on wireless, visual, artificial intelligence (AI), and related technologies. The company engages in the design and development of technologies that enable connected in a range of communications and entertainment products and services, which are licensed to companies providing such products and services, including makers of wireless communications, consumer electronics, IoT devices, and cars and other motor vehicles, as well as providers of cloud-based services, such as video streaming.