Quarterhill Inc (TSE:QTRH) announced a quarterly dividend on Thursday, June 14th, TickerTech reports. Investors of record on Friday, July 6th will be paid a dividend of 0.0125 per share on Friday, July 6th. This represents a $0.05 annualized dividend and a dividend yield of 3.23%. The ex-dividend date is Thursday, June 14th.
Quarterhill traded up C$0.03, reaching C$1.55, during trading hours on Wednesday, MarketBeat.com reports. 149,390 shares of the company were exchanged, compared to its average volume of 243,695. Quarterhill has a 12 month low of C$1.52 and a 12 month high of C$2.65.
In other Quarterhill news, insider Douglas Michael Parker purchased 28,000 shares of the business’s stock in a transaction dated Monday, May 14th. The stock was bought at an average cost of C$1.82 per share, for a total transaction of C$50,960.00.
A number of research analysts have recently commented on QTRH shares. Canaccord Genuity lowered Quarterhill from a “buy” rating to a “speculative buy” rating and cut their price target for the stock from C$3.00 to C$2.60 in a report on Friday, March 2nd. Cormark lowered Quarterhill from a “buy” rating to a “market perform” rating and cut their price target for the stock from C$3.00 to C$2.10 in a report on Friday, May 11th.
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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