Network-1 Declares Semi-Annual Dividend

Rhea-AI Summary

Network-1 Technologies (NYSE American: NTIP) has declared a semi-annual cash dividend of $0.05 per common share, payable on March 31, 2023, to shareholders on record as of March 15, 2023. This announcement aligns with the company's dividend policy, which is periodically reviewed by its Board of Directors and may change based on various factors, including earnings and financial requirements. Network-1 is engaged in developing and licensing intellectual property, holding 97 U.S. patents across telecommunications and data networking technologies. The company has generated over $187 million in licensing revenue from its Remote Power Patent since May 2007.

Positive

• Declared a semi-annual dividend of $0.05 per share, reflecting company confidence.
• Generated over $187 million in licensing revenue from its Remote Power Patent.

Negative

• None.

NEW CANAAN, CT / ACCESSWIRE / March 3, 2023 / 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 March 31, 2023 to all common stockholders of record as of March 15, 2023.

The dividend policy of Network-1 undergoes 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 ninety-seven (97) U.S. patents covering various telecommunications and data networking technologies as well as technologies relating to document stream operating systems, the identification of media content and high frequency trading. Network-1's current strategy includes continuing to pursue licensing opportunities for its intellectual property. 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 $187,000,000 from May 2007 through September 30, 2022. Network-1 has achieved licensing and other revenue of $47,150,000 through September 30, 2022 with respect to its Mirror Worlds Patent Portfolio.

Corey M. Horowitz, Chairman and CEO

Network-1 Technologies, Inc.

(917) 692-0000

SOURCE: Network-1 Technologies, Inc.

View source version on accesswire.com:
https://www.accesswire.com/741980/Network-1-Declares-Semi-Annual-Dividend

FAQ

What is the dividend amount declared by Network-1 Technologies?

Network-1 Technologies has declared a dividend of $0.05 per common share.

When is the dividend payable for Network-1 Technologies?

The dividend is payable on March 31, 2023.

What is the record date for the dividend from Network-1 Technologies?

The record date for the dividend is March 15, 2023.

How often does Network-1 Technologies declare dividends?

Network-1 Technologies declares dividends semi-annually.

What factors affect the dividend policy of Network-1 Technologies?

The dividend policy is affected by earnings, financial requirements, and other relevant factors.