Network-1 Technologies, Inc. to Issue Semi-annual Dividend of $0.05 (NYSEAMERICAN:NTIP)

Network-1 Technologies, Inc. (NYSEAMERICAN:NTIP) declared a semi-annual dividend on Thursday, February 20th, Wall Street Journal reports. Investors of record on Friday, March 14th will be given a dividend of 0.05 per share on Friday, March 28th. This represents a dividend yield of 7.1%. The ex-dividend date of this dividend is Friday, March 14th.

Network-1 Technologies Stock Performance

Shares of NTIP traded up $0.01 during trading hours on Thursday, reaching $1.41. 11,579 shares of the stock traded hands, compared to its average volume of 16,963. Network-1 Technologies has a 52-week low of $1.22 and a 52-week high of $2.25. The stock has a market cap of $32.37 million, a price-to-earnings ratio of -23.42 and a beta of 0.14.

About Network-1 Technologies

Network-1 Technologies, Inc engages in the development, licensing, and protection of intellectual property assets. The company owns 100 patents, including the Cox patent portfolio related to enabling technology for identifying media content on the Internet; M2M/IoT patent portfolio related to enabling technology for authenticating, provisioning, and using embedded sim technology in IoT, machine-to-machine, and other mobile devices, such as smartphones, tablets, and computers, as well as automobiles; and HFT patent portfolio covering technologies related to high frequency trading that addresses technological problems associated with speed and latency, and provide critical latency gains in trading systems.