InterDigital Inc (IDCC)

[FISH21049]

Today's Research Reports on Stocks to Watch: InterDigital and NetEase

NEW YORK, NY / ACCESSWIRE / September 18, 2017 / InterDigital had a remarkable trading day this past Friday after the company's Board approved an increase in the company's quarterly cash dividend. Shares of NetEase also saw some green. August had been a rough month for the stock after it dropped 11% despite reporting second-quarter earnings results that were better than the Street's expectations.

RDI Initiates Coverage on:

InterDigital, Inc. https://rdinvesting.com/news/?ticker=IDCC

InterDigital, Inc.'s shares were on fire in Friday trading after the company announced news that had traders on their toes. InterDigital closed up 6.26% after announcing that its Board of Directors has approved an increase in the company's quarterly cash dividend to $0.35 per share, which is $1.40 per share on an annual basis. The increase will take effect beginning with the dividend to be paid in Q4 of this year. The company's Board has also declared a regular quarterly cash dividend of $0.35 per share on its common stock which will be payable on October 25, 2017, to shareholders of record at the close of business on October 11, 2017. The company has even approved to increase its existing stock repurchase program by $100 million. Chairman S. Douglas Hutcheson remarked, "InterDigital's success signing license agreements with top handset companies has resulted in clear visibility over strong future cash flows, as outlined on the most recent earnings call. The company continues to implement a balanced approach to capital allocation, designed to return value to shareholders while providing the company with the capital necessary to continue to shape the industry with ground-breaking research."

Access RDI's InterDigital, Inc. Research Report at:
https://rdinvesting.com/news/?ticker=IDCC