Mobile technology research and development company InterDigital (IDCC) will raise its quarterly dividend to $0.30 per share.

"InterDigital's continuing growth and strong visibility of future cash flows puts us in a great position to return increased value to shareholders," said S. Douglas Hutcheson, Chairman of InterDigital. "The increased dividend is part of our balanced approach to capital allocation that returns value to shareholders while continuing to maintain our ongoing investment in developing technologies."

The increase in the regular quarterly dividend will take effect beginning with the dividend to be paid in fourth quarter 2016. The Board of Directors also declared a regular quarterly cash dividend of $.30 per share on its common stock, payable on October 26, 2016 to shareholders of record at the close of business on October 12, 2016.

InterDigital develops mobile technologies for wireless devices, networks, and services worldwide. The company's technology is used in mobile devices, wireless infrastructure equipment and IoT devices and software platforms. The Company is developing a range of technologies in the areas of video compression and delivery, security, analytics, and other areas.