WI-LAN (WILN) Declares Quarterly Dividend of $0.04
WI-LAN (NASDAQ:WILN) declared a quarterly dividend on Friday, January 31st, American Banking News.com reports. Shareholders of record on Friday, March 21st will be given a dividend of 0.036 per share on Friday, April 4th. This represents a $0.14 dividend on an annualized basis and a yield of 4.80%. The ex-dividend date of this dividend is Wednesday, March 19th.
Several analysts have recently commented on the stock. Analysts at BMO Capital Markets cut their price target on shares of WI-LAN from $4.00 to $3.50 in a research note to investors on Friday. Analysts at Zacks upgraded shares of WI-LAN from an “underperform” rating to a “neutral” rating in a research note to investors on Monday, November 25th. They now have a $3.30 price target on the stock. One equities research analyst has rated the stock with a sell rating, one has given a hold rating and three have given a buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and a consensus price target of $3.40.
WI-LAN (NASDAQ:WILN) traded down 2.60% on Friday, hitting $3.00. The stock had a trading volume of 123,121 shares. WI-LAN has a 1-year low of $2.85 and a 1-year high of $4.85. The stock has a 50-day moving average of $3.20 and a 200-day moving average of $3.42. The company’s market cap is $360.7 million.
WI-LAN (NASDAQ:WILN) last announced its earnings results on Thursday, January 30th. The company reported $0.14 EPS for the quarter, beating the Thomson Reuters consensus estimate of $0.12 by $0.02. The company had revenue of $29.20 million for the quarter, compared to the consensus estimate of $28.41 million. Analysts expect that WI-LAN will post $0.41 EPS for the current fiscal year.
Wi-LAN Inc (NASDAQ:WILN) is a licensing company.
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