Network-1 Technologies Inc. (NTIP)

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Yes,About 3% divvy And $3.42BreakOutGainsSteam

11:04 AM EST, 12/09/2016 (MT Newswires) -- Network-1 Technologies(NTIP) rose 4% in Friday's mid-morning trade after the company said its board of directors has approved the initiation of a dividend policy as part of Network-1's(NTIP) ongoing commitment to increasing shareholder value and return on investment.

The newly-adopted dividend policy provides for the payment of a regular semi-annual dividend of $0.05 per common share ($0.10 per common share annually) commencing in 2017. Network-1(NTIP) anticipates paying the semi-annual dividends in March and September of each year. It is anticipated that the semi-annual regular dividend will continue to be paid through March 2020 (the expiration of Network-1's(NTIP) Remote Power Patent) provided that Network-1(NTIP) continues to receive royalties from licensees of its Remote Power patent.

Price: 3.40, Change: +0.10, Percent Change: +3.03