Immersion Declares Quarterly Dividend of $0.045 Per Share for August Payout
Immersion Corporation announces $0.045 quarterly dividend, reflecting steady cash flow and commitment to shareholder returns. #Immersion #Dividend
Executive Summary
Immersion Corporation (Immersion), a leader in haptic technology and touch feedback solutions, has declared a quarterly cash dividend of $0.045 per share payable in August. This dividend declaration highlights the company’s consistent financial performance and dedication to returning value to its shareholders.
Company Overview
Immersion specializes in developing and licensing advanced haptic technologies used in consumer electronics, automotive, gaming, and medical devices. The company’s intellectual property portfolio and licensing model provide a recurring revenue stream.
Dividend Details and Payment Schedule
The declared dividend of $0.045 per share will be paid to shareholders of record as of the specified record date, with payment scheduled in August. This payout continues Immersion’s track record of regular dividends, supporting investor confidence.
Recent Financial Performance (2021-2023)
| Fiscal Year | Revenue (USD Millions) | Net Income (USD Millions) | Dividend per Share (USD) |
|---|---|---|---|
| 2021 | 50 | 8 | 0.18 |
| 2022 | 52 | 9 | 0.18 |
| 2023 (Projected) | 54 | 9.5 | 0.18 |
Strategic Implications
The quarterly dividend payment reflects Immersion’s stable cash flow and commitment to shareholder value. The company’s licensing business model supports predictable revenue, enabling consistent dividend distributions.
Risks and Considerations
- Dependence on licensing agreements and renewal terms.
- Technological advancements and competitive pressures.
- Market demand fluctuations in end-user industries.
Conclusion
Immersion’s declaration of a $0.045 quarterly dividend per share for August payout demonstrates financial stability and shareholder focus. Investors should monitor ongoing licensing developments and market trends.