Immersion Corporation Declares Quarterly Dividend of $0.08 (NASDAQ:IMMR)

Key Points

• Dividend: Immersion declared a quarterly dividend of $0.075 per share, payable Friday, May 1 to shareholders of record on Monday, April 20 (ex-dividend date April 20).
• Yield: The payout implies a 5.4% annualized yield based on the company's current share price.
• Stock snapshot: Shares traded at $5.56 (up $0.10) with volume of 715,277 versus an average 381,693; market cap about $183.0M, P/E 4.38 and a 52-week range of $5.25–$8.15.

Immersion Corporation (NASDAQ:IMMR - Get Free Report) declared a quarterly dividend on Wednesday, April 1st. Shareholders of record on Monday, April 20th will be paid a dividend of 0.075 per share by the software maker on Friday, May 1st. This represents a c) dividend on an annualized basis and a yield of 5.4%. The ex-dividend date of this dividend is Monday, April 20th.

Immersion Stock Performance

Shares of Immersion stock traded up $0.10 during trading on Wednesday, hitting $5.56. 715,277 shares of the company's stock traded hands, compared to its average volume of 381,693. The company has a debt-to-equity ratio of 0.31, a current ratio of 2.23 and a quick ratio of 1.08. The stock has a market capitalization of $183.04 million, a P/E ratio of 4.38 and a beta of 0.89. The business has a 50-day simple moving average of $6.25 and a 200-day simple moving average of $6.61. Immersion has a 1 year low of $5.25 and a 1 year high of $8.15.

Immersion Company Profile

Immersion Corporation is a technology company specializing in the development and licensing of haptic feedback solutions. The company's proprietary software and hardware technologies enable devices to simulate the sense of touch, enhancing user experiences across a range of electronic products. Immersion's core offerings include touch-feedback algorithms, software development kits, and reference designs that can be integrated into smartphones, gaming controllers, wearable devices, automotive infotainment systems, medical simulators and virtual or augmented reality platforms.

Since its founding in 1993, Immersion has built an extensive intellectual property portfolio of more than 950 issued patents worldwide.

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