Wi-LAN Inc to Issue Quarterly Dividend of $0.01 (QTRH)
Wi-LAN Inc (NASDAQ:QTRH) declared a quarterly dividend on Thursday, November 9th, Zacks reports. Shareholders of record on Friday, December 15th will be paid a dividend of 0.01 per share on Friday, January 5th. This represents a $0.04 annualized dividend and a yield of 2.40%. The ex-dividend date is Thursday, December 14th.
Shares of Wi-LAN (QTRH) traded up $0.02 during midday trading on Friday, reaching $1.66. The company’s stock had a trading volume of 254,802 shares, compared to its average volume of 203,692. The firm has a market capitalization of $194.55, a P/E ratio of 3.42 and a beta of 0.57. Wi-LAN has a 12-month low of $1.26 and a 12-month high of $2.20.
Several research analysts have commented on QTRH shares. Zacks Investment Research raised Wi-LAN from a “hold” rating to a “buy” rating and set a $2.00 target price for the company in a research note on Thursday, October 19th. ValuEngine raised Wi-LAN from a “sell” rating to a “hold” rating in a research note on Monday, October 2nd.
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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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