InterDigital (IDCC) Declares $0.20 Quarterly Dividend; Increases Buyback by $100M

InterDigital (NASDAQ: IDCC) declared a quarterly dividend of $0.20 per share, or $0.8 annualized.

The dividend will be payable on July 22, 2015, to stockholders of record on July 8, 2015, with an ex-dividend date of July 6, 2015.

The annual yield on the dividend is 1.4 percent.

The company’s Board of Directors authorized a $300 million stock repurchase program in June 2014. Today’s increase brings the total authorization under the program to $400 million. From June 2014 through today, InterDigital has bought back 4.8 million shares for approximately $220.2 million, leaving a total of approximately $179.8 million remaining under the authorization.

For a dividend history and other dividend-related data on InterDigital (IDCC) click here.

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