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

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

InterDigital's Board of Directors Declares Regular Quarterly Cash Dividend, Increases Stock Buyback Authorization

June 11, 2015 4:30 PM EDT

WILMINGTON, Del., June 11, 2015 (GLOBE NEWSWIRE) -- InterDigital, Inc. (Nasdaq: IDCC), a wireless research and development company, today announced that its Board of Directors has declared a regular quarterly cash dividend, as well as increased its existing stock repurchase program by $100 million.

The regular quarterly cash dividend of $0.20 per share on the companys common stock will be payable on July 22, 2015 to shareholders of record at the close of business on July 8, 2015.  The companys Board of Directors authorized a $300 million stock repurchase program in June 2014.  Todays increase brings the total authorization under the program to... More