Immersion Corporation (NASDAQ:IMMR) Plans $0.05 Quarterly Dividend

Key Points

• Immersion Corporation has announced a quarterly dividend of $0.05 per share, which will be paid to stockholders on October 31st, following an ex-dividend date of October 20th.
• The company's stock has experienced a decline of 1.5%, trading at $7.09, with a market capitalization of $229.53 million and a price-to-earnings ratio of 2.55.
• Immersion specializes in haptic technologies, providing technology and licensing services to enhance digital product experiences through touch.

Immersion Corporation (NASDAQ:IMMR - Get Free Report) declared a quarterly dividend on Wednesday, October 8th. Stockholders of record on Monday, October 20th will be paid a dividend of 0.045 per share by the software maker on Friday, October 31st. This represents a c) dividend on an annualized basis and a dividend yield of 2.5%. The ex-dividend date of this dividend is Monday, October 20th.

Immersion Stock Down 1.5%

Shares of NASDAQ:IMMR traded down $0.11 during trading on Thursday, reaching $7.09. 156,949 shares of the stock were exchanged, compared to its average volume of 432,486. The company has a debt-to-equity ratio of 0.25, a current ratio of 1.72 and a quick ratio of 1.04. Immersion has a 1-year low of $6.47 and a 1-year high of $10.72. The stock has a fifty day moving average of $7.07 and a two-hundred day moving average of $7.35. The firm has a market cap of $229.53 million, a price-to-earnings ratio of 2.55 and a beta of 1.16.

Immersion Company Profile

Immersion Corporation, together with its subsidiaries, engages in the creation, design, development, and licensing of haptic technologies that allow people to use their sense of touch to engage with and experience various digital products in North America, Europe, and Asia. The company provides technology, patent, and combined licenses.

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