InterDigital Announces Increase of Regular Quarterly Dividend
September 22 2016 - 8:30AM
InterDigital, Inc. (NASDAQ:IDCC), a mobile technology research and
development company, today announced that its Board of Directors
has approved an increase in the company's quarterly cash dividend
to $0.30 per share ($1.20 per share on an annual basis).
“InterDigital’s continuing growth and strong visibility of
future cash flows puts us in a great position to return increased
value to shareholders,” said S. Douglas Hutcheson, Chairman of
InterDigital. “The increased dividend is part of our balanced
approach to capital allocation that returns value to shareholders
while continuing to maintain our ongoing investment in developing
technologies.”
The increase in the regular quarterly dividend will take effect
beginning with the dividend to be paid in fourth quarter 2016. The
Board of Directors also declared a regular quarterly cash dividend
of $.30 per share on its common stock, payable on October 26, 2016
to shareholders of record at the close of business on October 12,
2016.
About InterDigital®
InterDigital develops mobile technologies that are at the core
of 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.
Forward-Looking Statements
This press release contains forward-looking statements within
the meaning of Section 21E of the Securities Exchange Act of 1934,
as amended. Such statements include information regarding our
current beliefs, plans and expectations, including, without
limitation: (i) our plans to pay a regular quarterly cash dividend
of $0.30 per share; and (ii) our expectation of future cash flows.
Words such as “expect,” “plan,” “project,” and variations of any
such words or similar expressions are intended to identify such
forward-looking statements.
Forward-looking statements are subject to risks and
uncertainties. Actual outcomes could differ materially from those
expressed in or anticipated by such forward-looking statements due
to a variety of factors, including, without limitation, those
identified in this press release, as well as the following: (i)
changes in the market share and sales performance of our primary
licensees, delays in product shipments of our licensees, delays in
the timely receipt and final reviews of quarterly royalty reports
from our licensees, delays in payments from our licensees and
related matters; (ii) the resolution of current legal proceedings,
including any awards or judgments relating to such proceedings,
additional legal proceedings, changes in the schedules or costs
associated with legal proceedings or adverse rulings in such legal
proceedings; (iii) changes or inaccuracies in market projections;
(iv) changes in the company's business strategy; and (v) an
increase in the company's cash needs or a decrease in available
cash or the company's inability to declare a dividend in compliance
with applicable laws. We undertake no duty to update publicly any
forward-looking statement, whether as a result of new information,
future events or otherwise, except as may be required by applicable
law, regulation or other competent legal authority.
InterDigital Contact:
Patrick Van de Wille
Email: patrick.vandewille@interdigital.com
+1 (858) 210-4814
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