InterDigital Stock To Go Ex-dividend Monday (IDCC)

NEW YORK ( TheStreet) -- The ex-dividend date for InterDigital (Nasdaq: IDCC) is Monday, April 9, 2012. Owners of shares as of market close today will be eligible for a dividend of 10 cents per share. At a price of $33.96 as of 10:05 a.m. ET, the dividend yield is 1.2%.

The average volume for InterDigital has been 1.2 million shares per day over the past 30 days. InterDigital has a market cap of $1.63 billion and is part of the technology sector and telecommunications industry. Shares are down 22.4% year to date as of the close of trading on Wednesday.

InterDigital, Inc. engages in the design and development of technologies that enable and enhance wireless communications. The company offers technology solutions for use in digital cellular and wireless products and networks, including 2G, 3G, 4G, and IEEE 802-related products and networks. The company has a P/E ratio of 17.9, above the average telecommunications industry P/E ratio of 16.2 and above the S&P 500 P/E ratio of 17.7.

TheStreet Ratings rates InterDigital as a hold. The company's strengths can be seen in multiple areas, such as its largely solid financial position with reasonable debt levels by most measures, good cash flow from operations and expanding profit margins. However, as a counter to these strengths, we also find weaknesses including feeble growth in the company's earnings per share, deteriorating net income and a generally disappointing performance in the stock itself. You can view the full InterDigital Ratings Report.

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