Wi-LAN Inc (QTRH) Raises Dividend to $0.01 Per Share
Wi-LAN Inc (NASDAQ:QTRH) announced a quarterly dividend on Thursday, August 10th, Zacks reports. Investors of record on Friday, September 15th will be paid a dividend of 0.01 per share on Thursday, October 5th. This represents a $0.04 dividend on an annualized basis and a dividend yield of 3.05%. The ex-dividend date of this dividend is Thursday, September 14th. This is a positive change from Wi-LAN’s previous quarterly dividend of $0.00914.
Shares of Wi-LAN (QTRH) traded down 2.24% during mid-day trading on Friday, hitting $1.31. 193,823 shares of the company were exchanged. The company has a 50 day moving average of $1.44 and a 200 day moving average of $1.69. Wi-LAN has a 52 week low of $1.26 and a 52 week high of $2.20. The company has a market capitalization of $155.40 million, a P/E ratio of 27.29 and a beta of 0.55.
Separately, TheStreet lowered shares of Wi-LAN from a “c” rating to a “d+” rating in a research report on Tuesday, May 30th.
Quarterhill Inc, formerly Wi-LAN Inc, is a Canada-based investment holding company focused on growing its business by acquiring technology companies in the Industrial Internet of Things (IIoT) across multiple verticals. The Company targets companies with a broad range of products and services that capture, analyze and interpret data, and that have financial performance, management teams, intellectual property underpinnings and opportunities to develop long-term recurring and growing revenue streams.
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