Network-1 Technologies, Inc. (NYSEAMERICAN:NTIP) Announces Semi-annual Dividend of $0.05

Network-1 Technologies, Inc. (NYSEAMERICAN:NTIP) declared a semi-annual dividend on Tuesday, August 27th, Wall Street Journal reports. Shareholders of record on Thursday, September 12th will be given a dividend of 0.05 per share on Thursday, September 26th. This represents a yield of 6.4%. The ex-dividend date is Thursday, September 12th.

Network-1 Technologies Price Performance

Shares of NYSEAMERICAN NTIP traded up $0.05 during mid-day trading on Wednesday, reaching $1.61. 355 shares of the company’s stock were exchanged, compared to its average volume of 14,777. Network-1 Technologies has a twelve month low of $1.52 and a twelve month high of $2.60. The firm has a market cap of $37.14 million, a P/E ratio of -22.29 and a beta of 0.09.

Network-1 Technologies (NYSEAMERICAN:NTIP) last announced its earnings results on Monday, August 12th. The company reported ($0.03) EPS for the quarter. The business had revenue of $0.10 million for the quarter.

About Network-1 Technologies

Network-1 Technologies, Inc engages in the development, licensing, and protection of intellectual property assets. The company owns 100 patents, including the Cox patent portfolio related to enabling technology for identifying media content on the Internet; M2M/IoT patent portfolio related to enabling technology for authenticating, provisioning, and using embedded sim technology in IoT, machine-to-machine, and other mobile devices, such as smartphones, tablets, and computers, as well as automobiles; and HFT patent portfolio covering technologies related to high frequency trading that addresses technological problems associated with speed and latency, and provide critical latency gains in trading systems.