InterDigital Inc (IDCC)

[la-tsla-fan]

When IDCC first announced a dividend on Dec 13, 2010 at 4:15 pm, the stock price reacted on Dec 14 - it went DOWN by 80 cents from $39.09 to $38.29! The stock yield increased from 0 to about 1%.

The latest announcement increases the yield from about 1.7% to about 2%, i.e. an increase of about 0.3%, which is 30% of the initial yield increase. Yet the stock price has reacted by going up close to 7%.

In my opinion, there is more going on behind the scenes, although what could be kept secret given all the disclosure requirements is a mystery. What would fit the bill is something like undisclosed "substantial progress" in some negotiation.

jmo
LA