InterDigital Announces Increase of Regular Quarterly Cash Dividend

Rhea-AI Summary

InterDigital increases quarterly cash dividend from $0.35 to $0.40 per share.

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• Increase in dividend is a positive signal for investors.

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WILMINGTON, Del., Sept. 13, 2023 (GLOBE NEWSWIRE) -- InterDigital, Inc. (Nasdaq: IDCC), a mobile and video technology research and development company, today announced that its Board of Directors has approved an increase in the company’s quarterly cash dividend from $0.35 to $0.40 per share.

The increase in the regular quarterly cash dividend will take effect beginning with the dividend to be paid in fourth quarter 2023. The Board of Directors also declared a regular quarterly cash dividend of $0.40 per share on its common stock, payable on October 25, 2023 to shareholders of record at the close of business on October 11, 2023.

About InterDigital^®

InterDigital develops mobile and video technologies that are at the core of devices, networks, and services worldwide. We solve many of the industry’s most critical and complex technical challenges, inventing solutions for more efficient broadband networks, better video delivery, and richer multimedia experiences years ahead of market deployment.InterDigital has licenses and strategic relationships with many of the world’s leading technology companies. Founded in 1972, InterDigital is listed on Nasdaq.

InterDigital is a registered trademark of InterDigital, Inc.

For more information, visit: www.interdigital.com.

InterDigital Contact:
investor.relations@interdigital.com
+1 (302) 300-1857