Quarterhill Inc (QTRH) to Issue Quarterly Dividend of $0.01 on October 4th

Quarterhill Inc (NASDAQ:QTRH) declared a quarterly dividend on Wednesday, August 7th, Zacks reports. Stockholders of record on Friday, September 13th will be paid a dividend of 0.009 per share on Friday, October 4th. This represents a $0.04 dividend on an annualized basis and a dividend yield of 2.55%. The ex-dividend date is Thursday, September 12th.

QTRH stock traded down $0.01 during trading on Tuesday, hitting $1.41. 400 shares of the company traded hands, compared to its average volume of 77,121. The firm has a market capitalization of $167.54 million, a PE ratio of -5.88 and a beta of 0.60. Quarterhill has a 1 year low of $0.86 and a 1 year high of $1.55. The company has a 50-day moving average of $1.32 and a 200-day moving average of $1.16. The company has a debt-to-equity ratio of 0.02, a quick ratio of 2.47 and a current ratio of 2.61.

Quarterhill (NASDAQ:QTRH) last announced its quarterly earnings data on Thursday, August 8th. The company reported ($0.04) earnings per share for the quarter. The company had revenue of $42.36 million during the quarter. Quarterhill had a negative net margin of 26.46% and a negative return on equity of 9.83%. Sell-side analysts expect that Quarterhill will post 0.05 EPS for the current year.

Several brokerages recently commented on QTRH. Zacks Investment Research raised shares of Quarterhill from a “hold” rating to a “buy” rating and set a $1.50 target price on the stock in a research note on Thursday, August 15th. TheStreet upgraded shares of Quarterhill from a “d+” rating to a “c-” rating in a report on Wednesday, July 31st.

About Quarterhill

Quarterhill Inc focuses on acquisition and management of technology companies that provides products and services worldwide. Its Licensing segment includes patents relating to 3D television, semiconductor manufacturing and packaging, medical stent, intelligent personal assistant, enhanced image processing, streaming video, non-volatile flash and other memory, semiconductor clocking, LED lighting, and various other technologies; automotive headlight assemblies, phased loop semiconductor licensing, microcontrollers applicable to safety-critical aerospace, computer gaming, CMOS image sensors, building automation, and smart meter monitoring; and medical, industrial, and automotive applications.

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Dividend History for Quarterhill (NASDAQ:QTRH)

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