Network-1 Declares Semi-Annual Dividend

Rhea-AI Summary

Network-1 Technologies (NTIP) has declared a semi-annual cash dividend of $0.05 per common share, payable on September 30, 2020, to stockholders of record as of September 14, 2020. The Board of Directors will periodically review the dividend policy, which may change based on the company's earnings and financial needs. Network-1 holds 84 patents in telecommunications and data networking and has generated over $147 million from its Remote Power Patent since May 2007, with $47.15 million from the Mirror Worlds Patent Portfolio.

Positive

• Declared a cash dividend of $0.05 per share, indicating financial health and shareholder return.
• Generated over $147 million in licensing revenue from the Remote Power Patent.

Negative

• None.

NEW YORK, NY / ACCESSWIRE / August 18, 2020 / Network-1 Technologies, Inc. (NYSE American:NTIP) today announced that its Board of Directors has declared a semi-annual cash dividend of $0.05 per common share pursuant to its dividend policy. The semi-annual cash dividend of $0.05 per share is payable on September 30, 2020 to all common stockholders of record as of September 14, 2020.

The dividend policy of Network-1 will undergo a periodic review by the Board of Directors and is subject to change at any time depending on the earnings of Network-1, its financial requirements and other factors existing at the time. Future declarations of semi-annual dividends and the establishment of future record and payment dates are subject to the final determination and discretion of the Board of Directors.

ABOUT NETWORK-1 TECHNOLOGIES, INC.

Network-1 Technologies, Inc. is engaged in the development, licensing and protection of its intellectual property and proprietary technologies. Network-1 works with inventors and patent owners to assist in the development and monetization of their patented technologies. Network-1 currently owns eighty-four (84) patents covering various telecommunications and data networking technologies as well as technologies relating to document stream operating systems and the identification of media content. Network-1's current strategy includes continuing to pursue licensing efforts for its Remote Power Patent and its efforts to monetize three patent portfolios (the Cox, Mirror Worlds and M2M/IoT Patent Portfolios). Network-1's strategy is to focus on acquiring and investing in high quality patents which management believes have the potential to generate significant licensing opportunities as Network-1 has achieved with respect to its Remote Power Patent and Mirror Worlds Patent Portfolio. Network-1's Remote Power Patent has generated licensing revenue in excess of $147,000,000 from May 2007 through June 30, 2020. Network-1 has achieved licensing and other revenue of $47,150,000 through June 30, 2020 with respect to its Mirror Worlds Patent Portfolio.

CONTACT:

Corey M. Horowitz
Chairman and CEO
212-829-5770

SOURCE: Network-1 Technologies, Inc.

View source version on accesswire.com:
https://www.accesswire.com/602296/Network-1-Declares-Semi-Annual-Dividend

FAQ

What is the dividend amount declared by Network-1 Technologies on August 18, 2020?

Network-1 Technologies declared a semi-annual cash dividend of $0.05 per share.

When will the dividend be paid to shareholders?

The dividend will be paid on September 30, 2020.

What is the record date for the dividend payment?

The record date for the dividend payment is September 14, 2020.

Does Network-1 Technologies plan to continue its dividend payments?

The dividend policy is subject to periodic review and may change based on earnings and financial requirements.