InterDigital (IDCC) Declares $0.35 Quarterly Dividend; 1.9% Yield

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Go back to InterDigital (IDCC) Declares $0.35 Quarterly Dividend; 1.9% Yield

InterDigital Announces Buyback Authorization Increase and Revenue Guidance for Fourth Quarter 2018, Declares Regular Dividend

December 10, 2018 8:30 AM EST

WILMINGTON, Del., Dec. 10, 2018 (GLOBE NEWSWIRE) -- InterDigital, Inc. (NASDAQ: IDCC), a mobile technology research and development company, today issued revenue guidance for fourth quarter 2018 and announced that its Board of Directors has declared a regular quarterly cash dividend and authorized an increase to the companys existing share repurchase authorization.

Revenue Guidance

The company expects total fourth quarter 2018 revenue to be between $70 million and $76 million.  This range includes approximately $1 million of non-recurring revenue.

Under the accounting rules in effect prior to the companys adoption of ASC 606, the... More