Immersion Corporation to Issue Quarterly Dividend of $0.07 (NASDAQ:IMMR)

Immersion Corporation (NASDAQ:IMMR) announced a quarterly dividend on Monday, September 14th. Shareholders of record on Friday, October 16th will be paid a dividend of 0.075 per share by the software maker on Friday, October 30th. This represents a c) annualized dividend and a yield of 4.2%. The ex-dividend date is Friday, October 16th.

Immersion Price Performance

Immersion stock opened at $7.21 on Tuesday. Immersion has a 52-week low of $5.25 and a 52-week high of $8.05. The firm has a market capitalization of $239.32 million, a price-to-earnings ratio of 51.50 and a beta of 1.02. The company has a fifty day simple moving average of $7.29 and a 200-day simple moving average of $6.62. The company has a quick ratio of 1.19, a current ratio of 2.30 and a debt-to-equity ratio of 0.13.

Immersion (NASDAQ:IMMR) last issued its earnings results on Monday, September 14th. The software maker reported $0.50 EPS for the quarter, beating analysts’ consensus estimates of $0.06 by $0.44. The business had revenue of $294.40 million during the quarter, compared to analysts’ expectations of $3.43 million. Immersion had a net margin of 0.26% and a return on equity of 0.80%. On average, equities analysts anticipate that Immersion will post 0.26 EPS for the current fiscal year.

Immersion Company Profile

Immersion Corporation (NASDAQ: IMMR) develops and licenses haptic technologies that enable electronic devices to communicate through tactile sensations such as vibration, pressure, and motion. Its intellectual property and software are designed to help manufacturers create more responsive and immersive user experiences.

The company’s haptic solutions are used across a range of markets, including smartphones and other mobile devices, automotive systems, gaming controllers, personal computers, consumer electronics, and medical equipment.