InterDigital, Inc. (NASDAQ:IDCC) will begin trading ex-dividend on October 13, 2020. The quarterly dividend payment of $ 0.35 per share is scheduled to be paid on October 28, 2020. The dividend yield based on the latest trading day closing price was 2.36 %. To secure the dividend payout, investors must buy the stock prior to the ex-dividend date..
Dividends History
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InterDigital, Inc. recently reported second quarter financial results on August 6, 2020, before market open, the Wilmington based company revealed income for the second quarter of $ 0.72 per share, from the revenue of $ 104.50 million. The quarterly earnings expanded 700.00 percent while revenues grew 38.21 percent compared with the same quarter last year.
The consensus estimates are income of $ 0.64 per share from $ 99.34 million in revenue. The bottom line results beat street analysts by $ 0.08 or 12.50 percent, at the same time, top line results outshined analysts by $ 5.16 million or 5.19 percent.
Stock Performance
Shares of InterDigital, Inc. traded up $ 1.12 or 1.92 percent on Thursday, reaching $ 59.42 with volume of 168.40 thousand shares. InterDigital, Inc. has traded high as $ 59.58 and has cracked $ 58.05 on the downward trend
According to the previous trading day, closing price of $ 59.42, representing a 87.82 % increase from the 52 week low of $ 31.04 and a 13.06 % decrease over the 52 week high of $ 67.06.
The company has a market capital of $ 1.83 billion and is part of the Communication Services sector and Telecom Services industry.
InterDigital, Inc. designs and develops technologies that enable and enhance wireless communications in the United States and internationally. It provides technology solutions for use in digital cellular and wireless products and networks, including 2G, 3G, 4G and IEEE 802-related products and networks.
