Adeia Inc. (ADEA) to Issue Quarterly Dividend of $0.05 on June 15th

Adeia Inc. (NASDAQ:ADEA) announced a quarterly dividend on Monday, May 4th. Stockholders of record on Tuesday, May 26th will be paid a dividend of 0.05 per share on Monday, June 15th. This represents a c) annualized dividend and a dividend yield of 0.7%. The ex-dividend date is Tuesday, May 26th.

Adeia has decreased its dividend payment by an average of 0.2%annually over the last three years. Adeia has a payout ratio of 13.7% meaning its dividend is sufficiently covered by earnings. Research analysts expect Adeia to earn $1.36 per share next year, which means the company should continue to be able to cover its $0.20 annual dividend with an expected future payout ratio of 14.7%.

Adeia Stock Performance

Shares of ADEA opened at $26.86 on Friday. Adeia has a 12 month low of $11.61 and a 12 month high of $34.34. The stock has a fifty day moving average price of $27.07 and a 200-day moving average price of $20.29. The company has a current ratio of 3.44, a quick ratio of 3.44 and a debt-to-equity ratio of 0.79. The firm has a market cap of $2.96 billion, a PE ratio of 24.87 and a beta of 1.48.

Adeia (NASDAQ:ADEA) last issued its quarterly earnings data on Monday, May 4th. The company reported $0.38 EPS for the quarter, beating the consensus estimate of $0.36 by $0.02. Adeia had a return on equity of 39.49% and a net margin of 26.50%.The firm had revenue of $104.77 million during the quarter, compared to analyst estimates of $99.72 million. Equities research analysts predict that Adeia will post 1.15 earnings per share for the current fiscal year.

About Adeia

Adeia Inc (NASDAQ: ADEA) is a technology licensing company that focuses on acquiring, managing and monetizing intellectual property assets in the electronics and communications sectors. The company’s core business involves the strategic purchase of patent portfolios followed by the negotiation of licensing agreements, collaborative partnerships and, where necessary, enforcement actions to generate revenue from those assets. Adeia’s technology coverage spans semiconductor design, data communications, wireless networking, imaging systems and other advanced electronics applications.

By assembling a diversified collection of high-value patent families, Adeia works closely with original equipment manufacturers, semiconductor suppliers and service providers across North America, Europe and Asia.