Quarterhill Inc (TSE:QTRH) announced a quarterly dividend on Thursday, March 22nd, TickerTech reports. Stockholders of record on Thursday, April 5th will be paid a dividend of 0.0125 per share on Thursday, April 5th. This represents a $0.05 dividend on an annualized basis and a dividend yield of 2.70%. The ex-dividend date is Thursday, March 22nd.
Shares of TSE QTRH traded down C$0.02 during midday trading on Friday, reaching C$1.85. 309,675 shares of the company’s stock were exchanged, compared to its average volume of 271,926. Quarterhill has a 52-week low of C$1.55 and a 52-week high of C$2.94.
Separately, Canaccord Genuity lowered Quarterhill from a “buy” rating to a “speculative buy” rating and lowered their price objective for the company from C$3.00 to C$2.60 in a report on Friday, March 2nd.
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Quarterhill Company Profile
Quarterhill Inc focuses on acquisition and management of technology companies that provides products and services worldwide. Its Technology segment licenses patent technologies to approximately 355 companies. Its patent portfolios include patents relating to 3D television, phased loop semiconductor, semiconductor manufacturing and packaging, medical stent, intelligent personal assistant, streaming video, semiconductor clocking, LED lighting, smart meter monitoring, non-volatile flash memory and other memory, building automation, enhanced image processing, computer gaming, and various other technologies; automotive headlight assemblies, microcontrollers applicable to safety-critical aerospace, and CMOS image sensors; and medical, industrial, and automotive applications.
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