InterDigital Board of Directors Declares Regular Quarterly Cash Dividend

Rhea-AI Summary

InterDigital, Inc. (NASDAQ: IDCC) announced a quarterly cash dividend of $0.35 per share, set to be paid on July 22, 2020, to shareholders of record as of July 8, 2020. The company specializes in mobile and video technology research and development, addressing critical technical challenges in broadband networks and multimedia. InterDigital, founded in 1972, is traded on NASDAQ and is included in the S&P MidCap 400 index, maintaining strategic relationships with top technology firms.

Positive

• Quarterly cash dividend of $0.35 per share enhances shareholder income.
• Strong focus on R&D in mobile and video technologies positions InterDigital for growth.

Negative

• None.

WILMINGTON, Del., June 04, 2020 (GLOBE NEWSWIRE) -- InterDigital, Inc. (NASDAQ:IDCC), a mobile and video technology research and development company, today announced that its Board of Directors has declared a regular quarterly cash dividend of $0.35 per share on its common stock, payable on July 22, 2020 to shareholders of record at the close of business on July 8, 2020.

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 and is included in the S&P MidCap 400^® index.
InterDigital is a registered trademark of InterDigital, Inc.

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

InterDigital Contact:
Patrick Van de Wille
Email:patrick.vandewille@interdigital.com
+1 (302) 300-1857

FAQ

What is the dividend amount declared by IDCC?

InterDigital (IDCC) declared a dividend amount of $0.35 per share.

When will the dividend be paid?

The dividend will be paid on July 22, 2020.

What is the record date for the IDCC dividend?

The record date for the dividend is July 8, 2020.

Is the dividend from IDCC sustainable?

The sustainability of the dividend can depend on the company's ongoing financial performance and cash flow.