Adeia Inc. (ADEA) to Issue Quarterly Dividend of $0.05 on December 15th

Adeia Inc. (NASDAQ:ADEA) declared a quarterly dividend on Monday, November 3rd. Investors of record on Monday, November 24th will be paid a dividend of 0.05 per share on Monday, December 15th. This represents a c) annualized dividend and a yield of 1.7%. The ex-dividend date is Monday, November 24th.

Adeia has decreased its dividend by an average of 0.2%annually over the last three years. Adeia has a dividend payout ratio of 13.7% meaning its dividend is sufficiently covered by earnings.

Adeia Stock Up 2.6%

NASDAQ:ADEA opened at $12.04 on Friday. Adeia has a twelve month low of $10.59 and a twelve month high of $18.25. The firm has a market capitalization of $1.32 billion, a price-to-earnings ratio of 16.27 and a beta of 1.78. The company has a quick ratio of 3.09, a current ratio of 3.09 and a debt-to-equity ratio of 1.06. The stock’s 50 day moving average price is $15.70 and its two-hundred day moving average price is $14.59.

Adeia (NASDAQ:ADEA) last released its earnings results on Monday, November 3rd. The company reported $0.28 earnings per share for the quarter, missing the consensus estimate of $0.36 by ($0.08). The firm had revenue of $87.34 million during the quarter, compared to the consensus estimate of $99.24 million. Adeia had a net margin of 22.15% and a return on equity of 30.31%. Adeia has set its FY 2025 guidance at EPS. Equities research analysts expect that Adeia will post 1.09 earnings per share for the current fiscal year.

Adeia Company Profile

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.