Network-1 Declares Semi-Annual Dividend

Rhea-AI Summary

Network-1 Technologies, Inc. (NYSE American:NTIP) has announced a semi-annual cash dividend of $0.05 per common share, payable on September 30, 2022, to stockholders of record as of September 20, 2022. This dividend declaration reflects the company's ongoing commitment to returning value to shareholders.

The dividend policy is periodically reviewed by the Board of Directors and may change based on operational results and financial needs.

Positive

• Declared a semi-annual cash dividend of $0.05 per share.
• Dividend reflects ongoing commitment to shareholder value.
• Generated over $187 million in licensing revenue from Remote Power Patent.

Negative

• None.

NEW CANAAN, CT / ACCESSWIRE / September 9, 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 September 30, 2022 to all common stockholders of record as of September 20, 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 results of operations 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-six (96) 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 efforts to monetize four patent portfolios (the Cox, M2M/IoT, HFT and Mirror Worlds 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 $187,000,000 from May 2007 through June 30, 2022. Network-1 has achieved licensing and other revenue of $47,150,000 through June 30, 2022 with respect to its Mirror Worlds Patent Portfolio.

Contact:

Corey M. Horowitz, Chairman and CEO
Network-1 Technologies, Inc.
(203) 920-1055
(917) 692-0000

SOURCE: Network-1 Technologies, Inc.

View source version on accesswire.com:
https://www.accesswire.com/715411/Network-1-Declares-Semi-Annual-Dividend

FAQ

What is the dividend amount for Network-1 Technologies in 2022?

The dividend amount is $0.05 per common share.

When is the dividend payment date for NTIP?

The dividend is payable on September 30, 2022.

Who receives the dividend from Network-1 Technologies?

All common stockholders of record as of September 20, 2022, will receive the dividend.

Is the dividend policy of Network-1 Technologies subject to change?

Yes, the dividend policy is subject to periodic review and may change.