Adeia Inc. (NASDAQ:ADEA – Get Free Report) declared a quarterly dividend on Thursday, April 25th, Zacks reports. Investors of record on Tuesday, May 28th will be given a dividend of 0.05 per share on Tuesday, June 18th. This represents a $0.20 dividend on an annualized basis and a yield of 1.71%. The ex-dividend date is Friday, May 24th.
Adeia has decreased its dividend payment 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 Trading Down 0.4 %
NASDAQ:ADEA opened at $11.73 on Thursday. The stock’s 50 day moving average price is $10.67 and its 200 day moving average price is $11.01. Adeia has a 52 week low of $8.11 and a 52 week high of $13.39. The company has a market capitalization of $1.27 billion, a P/E ratio of 34.50 and a beta of 1.43. The company has a debt-to-equity ratio of 1.46, a quick ratio of 2.23 and a current ratio of 2.23.
Analysts Set New Price Targets
ADEA has been the subject of a number of recent analyst reports. Rosenblatt Securities initiated coverage on Adeia in a research report on Friday, February 23rd. They set a “buy” rating and a $15.00 target price for the company. BWS Financial reaffirmed a “buy” rating and set a $16.00 target price on shares of Adeia in a research report on Tuesday, May 7th.
View Our Latest Stock Analysis on ADEA
About Adeia
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.
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