Network-1 Declares Semi-Annual Dividend

Rhea-AI Summary

Network-1 Technologies (NYSE American: NTIP) announced a semi-annual cash dividend of $0.05 per common share. This dividend is payable on March 24, 2022, to all stockholders of record as of March 9, 2022. The Board's dividend policy is subject to periodic review and may change based on the company's earnings and financial requirements. Network-1 is engaged in the development and licensing of intellectual property, currently holding 88 patents related to telecommunications and networking technologies.

Positive

• Declaration of a semi-annual cash dividend of $0.05 per share, indicating financial health.
• Established a history of generating substantial licensing revenue, exceeding $187 million since May 2007.
• Current licensing and other revenue of $47.15 million related to the Mirror Worlds Patent Portfolio.

Negative

• None.

NEW YORK, NY / ACCESSWIRE / February 23, 2022 / 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 24, 2022 to all common stockholders of record as of March 9, 2022.

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 eighty-eight (88) 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 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, 2021. Network-1 has achieved licensing and other revenue of $47,150,000 through September 30, 2021 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/690148/Network-1-Declares-Semi-Annual-Dividend

FAQ

When will the dividend for NTIP be paid?

The dividend will be paid on March 24, 2022.

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

The amount of the declared dividend is $0.05 per common share.

Who is eligible to receive the dividend from NTIP?

All common stockholders of record as of March 9, 2022, are eligible.

Is the dividend amount guaranteed in the future?

No, the dividend policy is subject to review and may change based on various factors.