InterDigital Added to NASDAQ US Buyback Achievers Index
January 28 2015 - 4:30PM
InterDigital, Inc. (Nasdaq:IDCC), a mobile technology research and
development company, today announced that the company's stock will
be added to the NASDAQ US Buyback Achievers Index. The Index is
comprised of United States securities issued by corporations that
have effected a net reduction in shares outstanding of 5% or more
in the trailing 12 months.
InterDigital has a very strong history of returning value to
shareholders, through a variety of means including buybacks, a
regular dividend and special dividends. Currently, the company is
executing on a $300 million buyback authorization announced in June
2014, at which time the company also doubled its regular dividend.
Upon completion of the current buyback authorization, InterDigital
will have repurchased approximately 50% of all the shares of the
company that were ever outstanding.
The NASDAQ US Buyback Achievers Index is tracked by an ETF with
the ticker PKW. The addition of InterDigital to the Index will be
made prior to the start of trading on February 2, 2015.
About InterDigital®
InterDigital develops technologies that are at the core of
mobile devices, networks, and services worldwide. We solve many of
the industry's most critical and complex technical challenges,
inventing solutions for more efficient broadband networks and a
richer multimedia experience years ahead of market deployment.
InterDigital has licenses and strategic relationships with many of
the world's leading wireless companies. Founded in 1972,
InterDigital is listed on NASDAQ and is included in the S&P
MidCap 400® index.
InterDigital is a registered trademark of InterDigital, Inc.
For more information, visit: www.interdigital.com.
CONTACT: Patrick Van de Wille
Email: patrick.vandewille@interdigital.com
+1 (858) 210-4814
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