InterDigital, Inc. (IDCC) To Go Ex-Dividend on July 8th

InterDigital, Inc. (NASDAQ:IDCC) declared a quarterly dividend on Thursday, June 11th. Investors of record on Wednesday, July 8th will be paid a dividend of 0.70 per share by the Wireless communications provider on Wednesday, July 22nd. This represents a c) annualized dividend and a yield of 1.0%. The ex-dividend date of this dividend is Wednesday, July 8th.

InterDigital has increased its dividend by an average of 0.1%annually over the last three years and has raised its dividend every year for the last 3 years. InterDigital has a payout ratio of 42.4% meaning its dividend is sufficiently covered by earnings. Research analysts expect InterDigital to earn $8.57 per share next year, which means the company should continue to be able to cover its $2.80 annual dividend with an expected future payout ratio of 32.7%.

InterDigital Stock Performance

Shares of IDCC opened at $281.40 on Monday. InterDigital has a 1 year low of $213.06 and a 1 year high of $412.60. The company has a debt-to-equity ratio of 0.01, a current ratio of 1.88 and a quick ratio of 1.88. The stock’s fifty day moving average price is $280.81 and its two-hundred day moving average price is $318.82. The firm has a market cap of $7.27 billion, a PE ratio of 26.50 and a beta of 1.42.

InterDigital (NASDAQ:IDCC) last issued its quarterly earnings data on Thursday, April 30th. The Wireless communications provider reported $2.57 EPS for the quarter, beating the consensus estimate of $2.54 by $0.03. The company had revenue of $205.42 million during the quarter, compared to analysts’ expectations of $196.85 million. InterDigital had a net margin of 44.20% and a return on equity of 35.25%. InterDigital’s revenue for the quarter was down 2.4% on a year-over-year basis. During the same quarter in the previous year, the company earned $3.45 earnings per share. InterDigital has set its Q2 2026 guidance at 1.410-1.600 EPS and its FY 2026 guidance at 8.740-11.840 EPS. On average, equities research analysts forecast that InterDigital will post 7.41 EPS for the current year.

Wall Street Analysts Forecast Growth

A number of brokerages have recently issued reports on IDCC. Jefferies Financial Group reaffirmed a “buy” rating on shares of InterDigital in a report on Wednesday, March 18th. Weiss Ratings lowered InterDigital from a “buy (b)” rating to a “buy (b-)” rating in a research report on Friday, June 12th. Four research analysts have rated the stock with a Buy rating and one has given a Hold rating to the company’s stock. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $416.67.

About InterDigital

InterDigital, Inc is a mobile and video technology research and development company that designs and licenses wireless communications and video compression innovations. Its patent portfolio encompasses key standards across 3G, 4G LTE and 5G wireless networks, as well as video and multimedia technologies. By focusing on fundamental technology creation rather than device manufacturing, InterDigital delivers core intellectual property to smartphone manufacturers, chipset vendors and telecommunications operators worldwide.

The company’s principal services include patent licensing, technology evaluation and consulting.