InterDigital (IDCC) will raise its quarterly dividend to $0.35 per share.

The new dividend is payable on October 25, 2017 to shareholders of record at the close of business on October 11, 2017.

“InterDigital’s success signing license agreements with top handset companies has resulted in clear visibility over strong future cash flows, as outlined on the most recent earnings call,” said S. Douglas Hutcheson, Chairman of InterDigital. “The company continues to implement a balanced approach to capital allocation, designed to return value to shareholders while providing the company with the capital necessary to continue to shape the industry with ground-breaking research.”

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.