Adeia Inc. (NASDAQ:ADEA – Get Free Report) declared a quarterly dividend on Wednesday, July 24th, Wall Street Journal reports. Shareholders of record on Tuesday, August 27th will be given a dividend of 0.05 per share on Tuesday, September 17th. This represents a $0.20 dividend on an annualized basis and a yield of 1.66%. The ex-dividend date of this dividend is Tuesday, August 27th.
Adeia has decreased its dividend payment by an average of 26.3% per year over the last three years. Adeia has a payout ratio of 13.4% meaning its dividend is sufficiently covered by earnings.
Adeia Price Performance
Adeia stock opened at $12.07 on Friday. The company’s 50 day simple moving average is $11.25 and its 200-day simple moving average is $11.18. The company has a debt-to-equity ratio of 1.42, a quick ratio of 3.00 and a current ratio of 3.00. Adeia has a 1 year low of $8.11 and a 1 year high of $13.39. The company has a market capitalization of $1.31 billion, a price-to-earnings ratio of 35.50 and a beta of 1.47.
Analyst Ratings Changes
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Adeia Company Profile
Adeia Inc, together with its subsidiaries, operates as a media and semiconductor intellectual property licensing company in the United States, Canada, Asia, Europe, the Middle East, and internationally. The company licenses its patent portfolios across various markets, including multichannel video programming distributors comprising cable, satellite, and telecommunications television providers that aggregate and distribute linear content over networks, as well as television providers that aggregate and stream linear content over broadband networks; over-the-top video service providers and social media companies, such as subscription video-on-demand and advertising-supported streaming service providers, as well as content providers, networks, and media companies.
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