Adeia Inc. (NASDAQ:ADEA) Announces Quarterly Dividend of $0.05

Adeia Inc. (NASDAQ:ADEA) declared a quarterly dividend on Monday, November 11th,Wall Street Journal reports. Investors of record on Wednesday, November 27th will be given a dividend of 0.05 per share on Wednesday, December 18th. This represents a $0.20 annualized dividend and a dividend yield of 1.67%. The ex-dividend date of this dividend is Wednesday, November 27th.

Adeia has decreased its dividend by an average of 26.3% per year over the last three years. Adeia has a payout ratio of 13.4% indicating that its dividend is sufficiently covered by earnings.

Adeia Price Performance

NASDAQ ADEA opened at $11.96 on Tuesday. The firm’s fifty day simple moving average is $12.11 and its two-hundred day simple moving average is $11.60. The firm has a market capitalization of $1.30 billion, a P/E ratio of 33.22 and a beta of 1.44. The company has a current ratio of 3.00, a quick ratio of 3.00 and a debt-to-equity ratio of 1.42. Adeia has a 12-month low of $9.00 and a 12-month high of $14.24.

Wall Street Analyst Weigh In

Several research analysts recently issued reports on ADEA shares. Rosenblatt Securities reaffirmed a “buy” rating and set a $15.00 target price on shares of Adeia in a research report on Friday. BWS Financial reaffirmed a “buy” rating and issued a $16.00 price objective on shares of Adeia in a research report on Monday.

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.